Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 103.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,752 shares of the company's stock after buying an additional 15,660 shares during the quarter. SG Americas Securities LLC's holdings in Weave Communications were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wasatch Advisors LP boosted its stake in Weave Communications by 40.9% during the 3rd quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company's stock valued at $48,139,000 after purchasing an additional 1,091,028 shares during the period. Pathway Capital Management LP bought a new position in Weave Communications during the 3rd quarter valued at about $7,308,000. Lord Abbett & CO. LLC grew its position in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company's stock worth $11,180,000 after acquiring an additional 239,202 shares during the last quarter. State Street Corp increased its position in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company's stock valued at $12,169,000 after acquiring an additional 155,054 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Weave Communications by 87.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 326,690 shares of the company's stock valued at $4,182,000 after acquiring an additional 152,376 shares during the period. Hedge funds and other institutional investors own 86.83% of the company's stock.

Analyst Upgrades and Downgrades

WEAV has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Piper Sandler upped their price objective on Weave Communications from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. One 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.50.

Insider Activity at Weave Communications

In other Weave Communications news, insider Branden Neish sold 7,111 shares of Weave Communications stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $15.95, for a total transaction of $113,420.45. Following the completion of the sale, the insider now directly owns 512,122 shares in the company, valued at $8,168,345.90. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Blake G. Modersitzki sold 120,551 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $13.90, for a total transaction of $1,675,658.90. Following the completion of the sale, the director now owns 262,440 shares of the company's stock, valued at approximately $3,647,916. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,252,643 shares of company stock worth $18,903,105. Insiders own 36.30% of the company's stock.

Weave Communications Stock Up 2.0 %

NYSE WEAV traded up $0.34 on Wednesday, reaching $17.17. The company had a trading volume of 698,931 shares, compared to its average volume of 758,306. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.25. The stock has a market capitalization of $1.25 billion, a P/E ratio of -42.91 and a beta of 1.91. The company's fifty day moving average is $15.64 and its 200 day moving average is $13.30. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

About Weave Communications

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.