Jane Street Group LLC Sells 14,901 Shares of Weave Communications, Inc. (NYSE:WEAV)

Jane Street Group LLC cut its stake in Weave Communications, Inc. (NYSE:WEAV) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,493 shares of the company’s stock after selling 14,901 shares during the quarter. Jane Street Group LLC owned about 0.05% of Weave Communications worth $493,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after buying an additional 1,091,028 shares during the last quarter. AXA S.A. bought a new stake in Weave Communications in the second quarter worth $11,590,000. State Street Corp lifted its position in Weave Communications by 19.5% in the third quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after buying an additional 155,054 shares during the last quarter. Renaissance Technologies LLC lifted its position in Weave Communications by 17.8% in the second quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock worth $5,353,000 after buying an additional 89,600 shares during the last quarter. Finally, Pathway Capital Management LP bought a new stake in Weave Communications in the third quarter worth $7,308,000. 86.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WEAV has been the subject of a number of analyst reports. Piper Sandler raised their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Loop Capital lifted their target price on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $16.50.

Weave Communications Stock Up 1.7 %

NYSE:WEAV opened at $15.95 on Monday. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $16.56. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -39.88 and a beta of 2.00. The stock has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $12.22. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Insider Transactions at Weave Communications

In other news, Director Blake G. Modersitzki sold 84,764 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.49, for a total transaction of $1,397,758.36. Following the transaction, the director now owns 201,975 shares in the company, valued at approximately $3,330,567.75. This trade represents a 29.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alan Taylor sold 4,182 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $16.03, for a total value of $67,037.46. Following the transaction, the chief financial officer now owns 283,516 shares in the company, valued at approximately $4,544,761.48. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,230,460 shares of company stock worth $18,056,742. 36.30% of the stock is currently owned by insiders.

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.