Weave Communications, Inc. (NYSE:WEAV) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,586 shares of the company’s stock after selling 1,397 shares during the period. XTX Topco Ltd’s holdings in Weave Communications were worth $95,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEAV. Wasatch Advisors LP grew its position in shares of Weave Communications by 17.9% in the fourth quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares during the period. Vanguard Group Inc. boosted its position in shares of Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after acquiring an additional 312,392 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Weave Communications in the first quarter valued at approximately $1,816,000. Silvercrest Asset Management Group LLC increased its position in Weave Communications by 39.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after purchasing an additional 143,382 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Weave Communications in the 2nd quarter valued at $851,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Down 2.7 %

Shares of Weave Communications stock opened at $12.46 on Wednesday. The company has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.23. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The stock has a market cap of $894.75 million, a price-to-earnings ratio of -29.00 and a beta of 2.09.

Insider Transactions at Weave Communications

In related news, COO Marcus Bertilson sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at approximately $3,603,066.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Marcus Bertilson sold 15,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alan Taylor sold 3,560 shares of Weave Communications stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total transaction of $36,988.40. Following the sale, the chief financial officer now directly owns 525,555 shares in the company, valued at approximately $5,460,516.45. The disclosure for this sale can be found here. Insiders sold 60,955 shares of company stock valued at $711,755 over the last quarter. Company insiders own 36.30% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

About Weave Communications

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.