Barclays PLC Purchases 54,019 Shares of Weave Communications, Inc. (NYSE:WEAV)

Barclays PLC increased its position in Weave Communications, Inc. (NYSE:WEAV) by 31.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 223,503 shares of the company’s stock after purchasing an additional 54,019 shares during the quarter. Barclays PLC’s holdings in Weave Communications were worth $2,861,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in Weave Communications by 161.9% in the third quarter. FMR LLC now owns 97,991 shares of the company’s stock valued at $1,254,000 after buying an additional 60,574 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Weave Communications by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock valued at $5,569,000 after acquiring an additional 45,475 shares during the period. Renaissance Technologies LLC lifted its holdings in Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after purchasing an additional 89,600 shares during the last quarter. XTX Topco Ltd boosted its position in Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock worth $717,000 after purchasing an additional 45,430 shares during the period. Finally, Summit Global Investments acquired a new position in shares of Weave Communications in the third quarter valued at $460,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 15,718 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $13.49, for a total value of $212,035.82. Following the transaction, the director now directly owns 303,935 shares of the company’s stock, valued at $4,100,083.15. This trade represents a 4.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alan Taylor sold 22,356 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $13.00, for a total transaction of $290,628.00. Following the sale, the chief financial officer now directly owns 424,485 shares of the company’s stock, valued at approximately $5,518,305. This trade represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,175,291 shares of company stock worth $17,043,781. Company insiders own 36.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Loop Capital raised their target price on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler raised their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their target price on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $16.50.

Weave Communications Stock Performance

NYSE WEAV opened at $16.01 on Wednesday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.56. The firm has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $11.82. The company has a market capitalization of $1.17 billion, a P/E ratio of -40.03 and a beta of 2.00. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

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.