Axa S.A. Purchases Shares of 1,284,916 Weave Communications, Inc. (NYSE:WEAV)

Axa S.A. acquired a new position in Weave Communications, Inc. (NYSE:WEAV) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,284,916 shares of the company’s stock, valued at approximately $11,590,000. Axa S.A. owned about 1.81% of Weave Communications as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after acquiring an additional 312,392 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Weave Communications by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Weave Communications by 1.0% during the first quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock valued at $9,002,000 after buying an additional 7,511 shares during the period. Renaissance Technologies LLC raised its stake 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 in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Weave Communications by 39.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after buying an additional 143,382 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Weave Communications news, CFO Alan Taylor sold 24,499 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42. Following the completion of the transaction, the chief financial officer now owns 451,442 shares of the company’s stock, valued at $5,679,140.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the transaction, the chief operating officer now owns 337,682 shares of the company’s stock, valued at approximately $3,603,066.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Alan Taylor sold 24,499 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $12.58, for a total transaction of $308,197.42. Following the sale, the chief financial officer now directly owns 451,442 shares in the company, valued at $5,679,140.36. The disclosure for this sale can be found here. Insiders have sold 56,354 shares of company stock valued at $651,880 over the last quarter. Corporate insiders own 36.30% of the company’s stock.

Weave Communications Stock Up 3.8 %

NYSE:WEAV opened at $12.46 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average price is $10.86 and its 200-day moving average price is $10.25. The company has a market capitalization of $894.75 million, a PE ratio of -28.98 and a beta of 2.09. Weave Communications, Inc. has a 1-year low of $6.67 and a 1-year high of $13.80.

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.