SG Americas Securities LLC Invests $193,000 in Weave Communications, Inc. (NYSE:WEAV)

SG Americas Securities LLC purchased a new stake in shares of Weave Communications, Inc. (NYSE:WEAV) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 15,092 shares of the company’s stock, valued at approximately $193,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in Weave Communications during the 1st quarter worth approximately $137,000. Principal Financial Group Inc. acquired a new stake in Weave Communications in the first quarter valued at $377,000. Swiss National Bank boosted its stake in Weave Communications by 14.5% during the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock valued at $788,000 after acquiring an additional 8,700 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Weave Communications during the 1st quarter worth $156,000. Finally, Sei Investments Co. increased its position in shares of Weave Communications by 16.2% in the 1st quarter. Sei Investments Co. now owns 60,910 shares of the company’s stock worth $699,000 after purchasing an additional 8,504 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $12.93 on Thursday. 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 company has a market capitalization of $919.26 million, a price-to-earnings ratio of -30.06 and a beta of 2.10. Weave Communications, Inc. has a twelve month low of $6.67 and a twelve month high of $13.80. The business has a 50 day simple moving average of $11.86 and a 200-day simple moving average of $10.42.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased 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.

Insiders Place Their Bets

In other Weave Communications news, Director Blake G. Modersitzki sold 51,332 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total transaction of $693,495.32. Following the sale, the director now directly owns 306,852 shares of the company’s stock, valued at approximately $4,145,570.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Blake G. Modersitzki sold 15,718 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $13.49, for a total value of $212,035.82. Following the sale, the director now owns 303,935 shares of the company’s stock, valued at approximately $4,100,083.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Blake G. Modersitzki sold 51,332 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total value of $693,495.32. Following the transaction, the director now owns 306,852 shares of the company’s stock, valued at $4,145,570.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,848 shares of company stock valued at $1,980,871 over the last 90 days. 36.30% of the stock is owned by company 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.