US Bancorp DE Purchases 10,473 Shares of Weave Communications, Inc. (NYSE:WEAV)

US Bancorp DE grew its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 115.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,526 shares of the company’s stock after acquiring an additional 10,473 shares during the quarter. US Bancorp DE’s holdings in Weave Communications were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WEAV. Aquatic Capital Management LLC purchased a new position in shares of Weave Communications during the fourth quarter valued at approximately $34,000. a16z Perennial Management L.P. purchased a new position in shares of Weave Communications during the first quarter valued at approximately $36,000. Summit Investment Advisors Inc. boosted its position in shares of Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after buying an additional 928 shares during the last quarter. Values First Advisors Inc. purchased a new position in shares of Weave Communications during the first quarter valued at approximately $128,000. Finally, Arizona State Retirement System boosted its position in shares of Weave Communications by 20.2% during the first quarter. Arizona State Retirement System now owns 12,524 shares of the company’s stock valued at $139,000 after buying an additional 2,103 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Insider Transactions at Weave Communications

In other news, CEO Brett T. White sold 53,111 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $8.59, for a total transaction of $456,223.49. Following the transaction, the chief executive officer owned 2,004,136 shares of the company’s stock, valued at $17,215,528.24. This represents a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Erin Goodsell sold 7,472 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.59, for a total value of $64,184.48. Following the transaction, the insider directly owned 584,657 shares in the company, valued at $5,022,203.63. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,294 shares of company stock worth $739,723 over the last quarter. 18.40% of the stock is currently owned by corporate insiders.

Weave Communications Stock Up 0.8%

WEAV stock opened at $7.80 on Friday. Weave Communications, Inc. has a 1-year low of $6.75 and a 1-year high of $17.63. The company has a current ratio of 1.22, a quick ratio of 1.60 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $8.08 and its two-hundred day simple moving average is $10.50. The stock has a market cap of $600.91 million, a P/E ratio of -19.50 and a beta of 1.74.

Analyst Upgrades and Downgrades

WEAV has been the topic of several analyst reports. Raymond James Financial cut their target price on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 1st. Piper Sandler lifted their target price on Weave Communications from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus cut their target price on Weave Communications from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.10.

Weave Communications Company 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.