Raymond James & Associates Acquires 93,519 Shares of Weave Communications, Inc. (NYSE:WEAV)

Raymond James & Associates grew its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 66.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,534 shares of the company’s stock after purchasing an additional 93,519 shares during the quarter. Raymond James & Associates owned about 0.33% of Weave Communications worth $2,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of WEAV. Point72 Asset Management L.P. boosted its holdings in Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after acquiring an additional 896 shares during the period. California State Teachers Retirement System grew its holdings in 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 buying an additional 2,152 shares during the last quarter. ClariVest Asset Management LLC increased its position in Weave Communications by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after buying an additional 2,298 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Weave Communications by 3.8% during the second quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after buying an additional 2,516 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 acquiring an additional 3,228 shares during the period. Institutional investors and hedge funds own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday. Piper Sandler lifted their price target on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Loop Capital increased their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weave Communications presently has an average rating of “Buy” and an average price target of $16.50.

Weave Communications Price Performance

NYSE:WEAV opened at $13.01 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12-month low of $7.76 and a 12-month high of $14.34. The stock’s 50 day moving average price is $12.22 and its two-hundred day moving average price is $10.51. The firm has a market capitalization of $934.29 million, a price-to-earnings ratio of -32.53 and a beta of 2.08.

Insider Buying and Selling

In related news, CFO Alan Taylor sold 8,710 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.12, for a total value of $122,985.20. Following the transaction, the chief financial officer now owns 392,085 shares in the company, valued at approximately $5,536,240.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Weave Communications news, Director Blake G. Modersitzki sold 121,148 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total value of $1,702,129.40. Following the sale, the director now owns 296,182 shares in the company, valued at $4,161,357.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Alan Taylor sold 8,710 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.12, for a total transaction of $122,985.20. Following the transaction, the chief financial officer now owns 392,085 shares of the company’s stock, valued at $5,536,240.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,106 shares of company stock valued at $3,811,470. 36.30% of the stock is owned by company insiders.

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.