Gagnon Securities LLC Makes New $524,000 Investment in Weave Communications, Inc. (NYSE:WEAV)

Gagnon Securities LLC acquired a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,940 shares of the company's stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company's stock valued at $1,254,000 after acquiring an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after purchasing an additional 45,475 shares during the last quarter. XTX Topco Ltd boosted its holdings in Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company's stock worth $717,000 after buying an additional 45,430 shares in the last quarter. Pathway Capital Management LP acquired a new position in Weave Communications in the third quarter worth approximately $7,308,000. Finally, Summit Global Investments bought a new position in shares of Weave Communications in the third quarter valued at $460,000. 86.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on WEAV. Loop Capital increased their price target on Weave Communications from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective 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. Finally, Piper Sandler upped their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently 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 the company's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 244,616 shares of the company's stock, valued at $3,517,578.08. This represents a 49.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $868,779.08. Following the sale, the chief executive officer now directly owns 1,928,364 shares in the company, valued at $30,583,853.04. The trade was a 2.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,252,643 shares of company stock valued at $18,903,105. Corporate insiders own 36.30% of the company's stock.

Weave Communications Stock Up 2.0 %

NYSE WEAV traded up $0.34 during trading on Wednesday, hitting $17.17. 434,971 shares of the company traded hands, compared to its average volume of 746,454. The company has a market capitalization of $1.25 billion, a P/E ratio of -42.93 and a beta of 1.91. The business has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $13.27. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $17.25. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

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.