Vontobel Holding Ltd. Sells 3,755 Shares of Weave Communications, Inc. (NYSE:WEAV)

Vontobel Holding Ltd. lessened its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,561 shares of the company’s stock after selling 3,755 shares during the quarter. Vontobel Holding Ltd.’s holdings in Weave Communications were worth $225,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC boosted its stake in Weave Communications by 39.6% in the 1st 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 in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Weave Communications by 17.8% during the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after buying an additional 89,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Weave Communications in the 1st quarter valued at $1,816,000. Bailard Inc. purchased a new position in Weave Communications in the 2nd quarter worth $851,000. Finally, AXA S.A. acquired a new stake in Weave Communications during the 2nd quarter worth about $11,590,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Weave Communications Stock Down 3.0 %

Shares of NYSE WEAV opened at $12.93 on Thursday. The firm has a market cap of $919.26 million, a price-to-earnings ratio of -30.06 and a beta of 2.10. The company’s 50-day simple moving average is $11.86 and its 200-day simple moving average is $10.42. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52-week low of $6.67 and a 52-week high of $13.80.

Insider Buying and Selling

In other Weave Communications news, Director Blake G. Modersitzki sold 51,332 shares of the 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 completion of the transaction, the director now owns 306,852 shares of the company’s stock, valued at $4,145,570.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Blake G. Modersitzki sold 51,332 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total value of $693,495.32. Following the completion of the sale, the director now directly owns 306,852 shares in the company, valued at $4,145,570.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the transaction, the chief operating officer now directly owns 337,682 shares in the company, valued at approximately $3,603,066.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,848 shares of company stock worth $1,980,871. Insiders own 36.30% of the company’s stock.

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.