Avanza Fonder AB Buys New Shares in Weave Communications, Inc. (NYSE:WEAV)

Avanza Fonder AB purchased a new stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,006 shares of the company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WEAV. FMR LLC raised its position in shares of Weave Communications by 161.9% during the third quarter. FMR LLC now owns 97,991 shares of the company's stock worth $1,254,000 after acquiring an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Weave Communications by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock worth $5,569,000 after purchasing an additional 45,475 shares during the last quarter. Renaissance Technologies LLC lifted its position in Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company's stock valued at $5,353,000 after purchasing an additional 89,600 shares during the period. XTX Topco Ltd boosted its stake in shares of Weave Communications by 429.2% in the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company's stock valued at $717,000 after purchasing an additional 45,430 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Weave Communications during the 3rd quarter worth approximately $460,000. Institutional investors and hedge funds own 86.83% of the company's stock.

Analyst Ratings Changes

WEAV has been the topic of several analyst reports. Piper Sandler increased their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Loop Capital upped their target price on shares of Weave Communications from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $16.50.

Insider Activity at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 242,820 shares of Weave Communications stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $14.38, for a total value of $3,491,751.60. Following the sale, the director now owns 244,616 shares of the company's stock, valued at $3,517,578.08. This trade represents a 49.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Alan Taylor sold 4,182 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $16.03, for a total value of $67,037.46. Following the completion of the sale, the chief financial officer now owns 283,516 shares in the company, valued at approximately $4,544,761.48. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,161,355 shares of company stock worth $17,124,720 in the last quarter. Corporate insiders own 36.30% of the company's stock.

Weave Communications Trading Down 0.1 %

NYSE:WEAV traded down $0.02 during trading hours on Monday, hitting $15.76. The stock had a trading volume of 688,449 shares, compared to its average volume of 789,195. The business's 50 day moving average is $14.99 and its 200-day moving average is $12.70. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -39.39 and a beta of 1.92. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $16.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Weave Communications Company 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.