International Assets Investment Management LLC Acquires Shares of 14,522 Weave Communications, Inc. (NYSE:WEAV)

International Assets Investment Management LLC acquired a new stake in shares of Weave Communications, Inc. (NYSE:WEAV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,522 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Weave Communications in the third quarter valued at approximately $45,000. Quarry LP bought a new position in shares of Weave Communications in the third quarter valued at approximately $45,000. US Bancorp DE bought a new position in shares of Weave Communications in the third quarter valued at approximately $107,000. Silverleafe Capital Partners LLC bought a new position in shares of Weave Communications in the fourth quarter valued at approximately $206,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Weave Communications in the second quarter valued at approximately $134,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Trading Down 1.3 %

Shares of WEAV opened at $15.35 on Tuesday. The firm’s 50 day simple moving average is $14.79 and its 200 day simple moving average is $12.47. The company has a market capitalization of $1.12 billion, a P/E ratio of -38.38 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $16.56.

Insider Activity at Weave Communications

In other Weave Communications news, insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.95, for a total transaction of $113,420.45. Following the transaction, the insider now directly owns 512,122 shares of the company’s stock, valued at approximately $8,168,345.90. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Blake G. Modersitzki sold 51,332 shares of Weave Communications stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $13.51, for a total transaction of $693,495.32. Following the transaction, the director now directly owns 306,852 shares in the company, valued at $4,145,570.52. This trade represents a 14.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,229,569 shares of company stock valued at $18,044,937 over the last three months. 36.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.