Cubist Systematic Strategies LLC Cuts Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Cubist Systematic Strategies LLC trimmed its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 40.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,627 shares of the company’s stock after selling 126,816 shares during the quarter. Cubist Systematic Strategies LLC owned 0.27% of Weave Communications worth $1,710,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of Weave Communications by 6.6% in the 1st quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after purchasing an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in Weave Communications by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock valued at $741,000 after buying an additional 2,298 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Weave Communications by 48.0% in 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Weave Communications by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 37,558 shares of the company’s stock worth $339,000 after buying an additional 4,747 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Weave Communications by 1.0% during the 1st quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock worth $9,002,000 after acquiring an additional 7,511 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insider Activity at Weave Communications

In other Weave Communications news, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the transaction, the chief operating officer now owns 337,682 shares of the company’s stock, valued at $3,603,066.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the sale, the chief operating officer now owns 337,682 shares in the company, valued at approximately $3,603,066.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Alan Taylor sold 13,295 shares of Weave Communications stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total transaction of $146,643.85. Following the completion of the transaction, the chief financial officer now owns 475,941 shares in the company, valued at $5,249,629.23. The disclosure for this sale can be found here. Insiders sold a total of 56,354 shares of company stock valued at $651,880 in the last three months. 36.30% of the stock is currently owned by company insiders.

Weave Communications Stock Performance

NYSE WEAV opened at $12.80 on Tuesday. The company has a fifty day moving average of $10.92 and a two-hundred day moving average of $10.23. The company has a market capitalization of $919.17 million, a PE ratio of -29.77 and a beta of 2.09. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on Weave Communications from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st.

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.