Jacobs Levy Equity Management Inc. Grows Stake in Weave Communications, Inc. (NYSE:WEAV)

Jacobs Levy Equity Management Inc. grew its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 87.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 326,690 shares of the company's stock after buying an additional 152,376 shares during the period. Jacobs Levy Equity Management Inc. owned 0.45% of Weave Communications worth $4,182,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WEAV. Vanguard Group Inc. increased its position in shares of Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company's stock valued at $38,374,000 after buying an additional 312,392 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Weave Communications by 6.6% during the 1st quarter. California State Teachers Retirement System now owns 34,685 shares of the company's stock worth $398,000 after purchasing an additional 2,152 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Weave Communications in the 2nd quarter valued at approximately $98,000. Andina Capital Management LLC acquired a new stake in Weave Communications during the 2nd quarter valued at $179,000. Finally, Raymond James & Associates increased its position in Weave Communications by 102.2% during the second quarter. Raymond James & Associates now owns 140,015 shares of the company's stock worth $1,263,000 after buying an additional 70,771 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.

Weave Communications Trading Up 5.3 %

Shares of NYSE WEAV traded up $0.74 on Friday, reaching $14.69. 1,258,744 shares of the company traded hands, compared to its average volume of 1,008,578. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $14.71. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $13.51 and a 200 day moving average of $11.20.

Insiders Place Their Bets

In other news, CFO Alan Taylor sold 13,295 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $11.03, for a total transaction of $146,643.85. Following the completion of the sale, the chief financial officer now owns 475,941 shares in the company, valued at approximately $5,249,629.23. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Blake G. Modersitzki sold 120,551 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $13.90, for a total transaction of $1,675,658.90. Following the completion of the transaction, the director now owns 262,440 shares in the company, valued at $3,647,916. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 610,792 shares of company stock valued at $8,433,068 over the last quarter. Company insiders own 36.30% of the company's stock.

Analyst Ratings Changes

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

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.