XTX Topco Ltd Boosts Stake in Weave Communications, Inc. (NYSE:WEAV)

XTX Topco Ltd raised its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 429.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,016 shares of the company's stock after purchasing an additional 45,430 shares during the period. XTX Topco Ltd owned 0.08% of Weave Communications worth $717,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Weave Communications in the 3rd quarter valued at about $45,000. Quarry LP acquired a new position in shares of Weave Communications in the third quarter valued at approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 buying an additional 3,228 shares during the period. Private Management Group Inc. acquired a new stake in Weave Communications during the second quarter worth approximately $90,000. Finally, US Bancorp DE purchased a new stake in Weave Communications in the 3rd quarter worth approximately $107,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Weave Communications news, Director Blake G. Modersitzki sold 242,820 shares of the firm's 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 transaction, the director now directly owns 244,616 shares of the company's stock, valued at $3,517,578.08. This trade represents a 49.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alan Taylor sold 8,710 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.12, for a total value of $122,985.20. Following the completion of the sale, the chief financial officer now directly owns 392,085 shares of the company's stock, valued at $5,536,240.20. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 854,817 shares of company stock valued at $11,942,834. 36.30% of the stock is currently owned by corporate insiders.

Weave Communications Stock Up 1.0 %

NYSE:WEAV traded up $0.16 on Thursday, hitting $15.56. 1,275,827 shares of the stock were exchanged, compared to its average volume of 537,452. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $15.93. 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 fifty day moving average of $13.66 and a 200-day moving average of $11.35.

Wall Street Analyst Weigh In

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

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.