Connor Clark & Lunn Investment Management Ltd. Has $4.45 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,302 shares of the company's stock after acquiring an additional 58,359 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.48% of Weave Communications worth $4,445,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Weave Communications in the 3rd quarter valued at $45,000. Private Management Group Inc. acquired a new position in shares of Weave Communications in the 2nd quarter valued at $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company's stock worth $90,000 after acquiring an additional 3,228 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Weave Communications during the 2nd quarter valued at about $98,000. Finally, US Bancorp DE acquired a new position in shares of Weave Communications in the 3rd quarter valued at about $107,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Weave Communications Stock Up 3.5 %

Shares of NYSE WEAV traded up $0.47 during mid-day trading on Friday, reaching $13.91. 896,821 shares of the company traded hands, compared to its average volume of 1,333,309. The company's fifty day moving average is $13.05 and its two-hundred day moving average is $10.88. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $1.01 billion, a PE ratio of -34.78 and a beta of 2.08.

Insider Transactions at Weave Communications

In related news, Director Blake G. Modersitzki sold 121,148 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total transaction of $1,702,129.40. Following the transaction, the director now owns 296,182 shares of the company's stock, valued at approximately $4,161,357.10. The trade was a 29.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan Taylor sold 2,638 shares of the stock in a transaction on Monday, October 7th. The shares were 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 directly owns 421,847 shares of the company's stock, valued at approximately $5,484,011. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,957 shares of company stock worth $6,531,864. 36.30% of the stock is owned by 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.