Squarepoint Ops LLC lowered its holdings in Weave Communications, Inc. (NYSE:WEAV – Free Report) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,072 shares of the company’s stock after selling 6,007 shares during the quarter. Squarepoint Ops LLC’s holdings in Weave Communications were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP increased its position in Weave Communications by 17.9% during the fourth quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after acquiring an additional 330,422 shares during the last quarter. Vanguard Group Inc. increased its position in Weave Communications by 10.3% during the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $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 during the first quarter valued at $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 valued at $5,803,000 after acquiring an additional 143,382 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Weave Communications during the second quarter valued at $851,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
Weave Communications Stock Performance
Shares of WEAV opened at $12.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $11.02 and a two-hundred day simple moving average of $10.26. The stock has a market cap of $891.17 million, a price-to-earnings ratio of -29.14 and a beta of 2.10. Weave Communications, Inc. has a 52 week low of $6.67 and a 52 week high of $13.80.
Insiders Place Their Bets
Analyst Ratings Changes
Separately, Piper Sandler upped their price objective on Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st.
Read Our Latest Research Report on Weave Communications
Weave Communications Profile
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.
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