XTX Topco Ltd Cuts Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

XTX Topco Ltd cut its stake in Weave Communications, Inc. (NYSE:WEAV) by 11.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,586 shares of the company’s stock after selling 1,397 shares during the period. XTX Topco Ltd’s holdings in Weave Communications were worth $95,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WEAV. Wasatch Advisors LP raised its position in Weave Communications by 17.9% in the 4th quarter. Wasatch Advisors LP now owns 2,172,373 shares of the company’s stock valued at $24,917,000 after purchasing an additional 330,422 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Weave Communications in the first quarter worth approximately $138,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new position in Weave Communications during the 1st quarter worth approximately $137,000. Principal Financial Group Inc. purchased a new stake in shares of Weave Communications in the 1st quarter valued at approximately $377,000. Finally, Swiss National Bank raised its holdings in shares of Weave Communications by 14.5% in the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock valued at $788,000 after purchasing an additional 8,700 shares in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Stock Performance

Shares of WEAV opened at $12.46 on Wednesday. The stock has a market capitalization of $894.75 million, a P/E ratio of -29.00 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. Weave Communications, Inc. has a 1 year low of $6.67 and a 1 year high of $13.80. The company’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.23.

Insider Transactions at Weave Communications

In related news, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $10.67, for a total value of $160,050.00. Following the completion of the sale, the chief operating officer now owns 337,682 shares in the company, valued at $3,603,066.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Alan Taylor sold 13,295 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total value of $146,643.85. Following the completion of the transaction, the chief financial officer now owns 475,941 shares in the company, valued at approximately $5,249,629.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Marcus Bertilson sold 15,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,603,066.94. The disclosure for this sale can be found here. Insiders have sold a total of 60,955 shares of company stock worth $711,755 over the last ninety days. 36.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on shares of Weave Communications from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st.

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.