Swiss National Bank Boosts Stock Position in Weave Communications, Inc. $WEAV

Swiss National Bank grew its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 19.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,600 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Swiss National Bank owned 0.11% of Weave Communications worth $938,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WEAV. Aquatic Capital Management LLC purchased a new stake in shares of Weave Communications during the fourth quarter worth $34,000. a16z Perennial Management L.P. purchased a new stake in shares of Weave Communications during the first quarter worth $36,000. Values First Advisors Inc. purchased a new stake in shares of Weave Communications during the first quarter worth $128,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Weave Communications by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,120 shares of the company’s stock worth $134,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Arizona State Retirement System lifted 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 worth $139,000 after acquiring an additional 2,103 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WEAV shares. Stifel Nicolaus dropped 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. Piper Sandler lifted their price objective on Weave Communications from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Finally, Raymond James Financial dropped their price objective on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating for the company in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.10.

Weave Communications Price Performance

NYSE:WEAV opened at $7.51 on Wednesday. The firm has a market capitalization of $578.88 million, a price-to-earnings ratio of -18.79 and a beta of 1.74. Weave Communications, Inc. has a 52-week low of $6.75 and a 52-week high of $17.63. The stock has a fifty day moving average of $7.88 and a 200 day moving average of $10.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.22.

Insider Transactions at Weave Communications

In other Weave Communications news, insider Erin Goodsell sold 7,472 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.59, for a total transaction of $64,184.48. Following the sale, the insider owned 584,657 shares in the company, valued at $5,022,203.63. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Joseph David Mcneil sold 14,302 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $8.53, for a total value of $121,996.06. Following the sale, the executive owned 409,060 shares in the company, valued at $3,489,281.80. The trade was a 3.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,294 shares of company stock worth $739,723. Company insiders own 18.40% of the company’s stock.

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.