Weave Communications, Inc. (NYSE:WEAV) Stock Holdings Lessened by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 64.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,702 shares of the company’s stock after selling 70,970 shares during the period. Marshall Wace LLP owned 0.06% of Weave Communications worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake 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 during the period. Jacobs Levy Equity Management Inc. acquired a new position in Weave Communications during the 1st quarter valued at approximately $1,816,000. Silvercrest Asset Management Group LLC grew its stake in Weave Communications by 39.6% during the 1st 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 last quarter. Bailard Inc. acquired a new stake in Weave Communications in the second quarter worth $851,000. Finally, Renaissance Technologies LLC lifted 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 valued at $5,353,000 after buying an additional 89,600 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Weave Communications Stock Down 1.1 %

WEAV opened at $13.11 on Friday. The stock’s 50 day moving average price is $11.34 and its 200 day moving average price is $10.32. 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 stock has a market cap of $941.43 million, a P/E ratio of -30.49 and a beta of 2.10. Weave Communications, Inc. has a 12 month low of $6.67 and a 12 month high of $13.80.

Insider Activity at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 2,638 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $13.00, for a total transaction of $34,294.00. Following the sale, the chief financial officer now directly owns 421,847 shares in the company, valued at approximately $5,484,011. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan Taylor sold 2,638 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $13.00, for a total transaction of $34,294.00. Following the completion of the sale, the chief financial officer now owns 421,847 shares in the company, valued at approximately $5,484,011. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,949 shares of company stock worth $1,036,677 over the last ninety days. 36.30% of the stock is currently owned by corporate insiders.

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.