Weave Communications, Inc. (NYSE:WEAV) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 645,347 shares of the company’s stock after selling 95,336 shares during the period. Millennium Management LLC owned 0.91% of Weave Communications worth $5,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. AXA S.A. acquired a new stake in Weave Communications in the 2nd quarter valued at about $11,590,000. Vanguard Group Inc. lifted its holdings in Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after buying an additional 312,392 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Weave Communications during the 1st quarter worth approximately $1,816,000. Silvercrest Asset Management Group LLC lifted its holdings 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 in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Weave Communications in the 2nd quarter valued at $851,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insider Buying and Selling

In related news, CFO Alan Taylor sold 3,560 shares of Weave Communications stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the sale, the chief financial officer now directly owns 525,555 shares in the company, valued at $5,460,516.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weave Communications news, CFO Alan Taylor sold 3,560 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the transaction, the chief financial officer now directly owns 525,555 shares of the company’s stock, valued at approximately $5,460,516.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,949 shares of company stock worth $1,036,677 in the last ninety days. 36.30% of the stock is owned by corporate insiders.

Weave Communications Price Performance

Shares of WEAV opened at $13.11 on Friday. The firm’s fifty day simple moving average is $11.34 and its 200-day simple moving average is $10.32. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $941.43 million, a price-to-earnings ratio of -30.49 and a beta of 2.10.

Analyst Upgrades and Downgrades

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

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.