UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Weave Communications, Inc. (NYSE:WEAV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,499 shares of the company’s stock after selling 10,180 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Weave Communications worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Point72 Asset Management L.P. grew its position in shares of Weave Communications by 5.4% in the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after purchasing an additional 896 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Weave Communications by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after acquiring an additional 2,298 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of Weave Communications by 11.4% during the 3rd quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock valued at $300,000 after acquiring an additional 2,405 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Weave Communications by 3.8% in the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after purchasing an additional 2,516 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after purchasing an additional 3,228 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Weave Communications Stock Up 0.8 %

Shares of NYSE WEAV opened at $15.61 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $13.93 and its two-hundred day moving average is $11.59. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $16.33. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -39.03 and a beta of 2.00.

Insider Activity

In related news, Director Blake G. Modersitzki sold 242,820 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $14.38, for a total transaction of $3,491,751.60. Following the sale, the director now directly owns 244,616 shares of the company’s stock, valued at $3,517,578.08. This represents a 49.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Alan Taylor sold 2,638 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $13.00, for a total transaction of $34,294.00. Following the completion of the transaction, the chief financial officer now directly owns 421,847 shares of the company’s stock, valued at $5,484,011. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,171,109 shares of company stock valued at $16,976,744. 36.30% of the stock is currently owned by corporate insiders.

Weave Communications Company 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.