Silverleafe Capital Partners LLC Buys New Shares in Weave Communications, Inc. (NYSE:WEAV)

Silverleafe Capital Partners LLC purchased a new position in Weave Communications, Inc. (NYSE:WEAV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,925 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AXA S.A. purchased a new position in shares of Weave Communications during the 2nd quarter worth about $11,590,000. Wasatch Advisors LP boosted its holdings in shares of Weave Communications by 40.9% in 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 last quarter. Pathway Capital Management LP purchased a new stake in shares of Weave Communications during the 3rd quarter valued at $7,308,000. Lord Abbett & CO. LLC grew its stake in shares of Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock valued at $11,180,000 after buying an additional 239,202 shares during the period. Finally, State Street Corp increased its holdings in shares of Weave Communications by 19.5% during the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after buying an additional 155,054 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on WEAV. Piper Sandler boosted their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Loop Capital raised their price target 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. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Weave Communications currently has a consensus rating of “Buy” and an average price target of $16.50.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 4,182 shares of Weave Communications stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46. Following the sale, the chief financial officer now directly owns 283,516 shares in the company, valued at $4,544,761.48. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake G. Modersitzki sold 51,332 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $13.51, for a total value of $693,495.32. Following the completion of the transaction, the director now directly owns 306,852 shares in the company, valued at approximately $4,145,570.52. The trade was a 14.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,230,460 shares of company stock valued at $18,056,742 over the last 90 days. 36.30% of the stock is owned by corporate insiders.

Weave Communications Stock Up 0.8 %

Shares of WEAV stock traded up $0.12 during trading hours on Monday, reaching $16.07. The company had a trading volume of 626,189 shares, compared to its average volume of 696,575. The stock’s fifty day simple moving average is $14.57 and its 200 day simple moving average is $12.22. The company has a market capitalization of $1.17 billion, a P/E ratio of -40.18 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $16.56.

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.