Barclays PLC Acquires 54,019 Shares of Weave Communications, Inc. (NYSE:WEAV)

Barclays PLC lifted its stake in Weave Communications, Inc. (NYSE:WEAV) by 31.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,503 shares of the company’s stock after purchasing an additional 54,019 shares during the period. Barclays PLC owned 0.31% of Weave Communications worth $2,861,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC bought a new position in Weave Communications during the third quarter worth about $45,000. Quarry LP acquired a new stake in shares of Weave Communications in the 3rd quarter valued at approximately $45,000. US Bancorp DE bought a new position in Weave Communications during the 3rd quarter worth approximately $107,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after purchasing an additional 3,228 shares during the period. Finally, Private Management Group Inc. bought a new stake in Weave Communications in the second quarter valued at approximately $90,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 4,182 shares of Weave Communications 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 sale, the chief financial officer now directly owns 283,516 shares in the company, valued at approximately $4,544,761.48. The trade was a 1.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake G. Modersitzki sold 15,718 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the transaction, the director now owns 303,935 shares of the company’s stock, valued at approximately $4,100,083.15. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,175,291 shares of company stock worth $17,043,781. Corporate insiders own 36.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WEAV shares. Loop Capital boosted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $16.50.

Weave Communications Stock Performance

Shares of Weave Communications stock opened at $16.01 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -40.03 and a beta of 2.00. The stock’s 50-day moving average is $14.15 and its 200-day moving average is $11.82. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $16.56.

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.