Acadian Asset Management LLC Lowers Holdings in Weave Communications, Inc. $WEAV

Acadian Asset Management LLC trimmed its holdings in Weave Communications, Inc. (NYSE:WEAV) by 28.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,483 shares of the company’s stock after selling 199,968 shares during the period. Acadian Asset Management LLC owned about 0.66% of Weave Communications worth $5,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Weave Communications by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,461 shares of the company’s stock worth $358,000 after acquiring an additional 988 shares during the last quarter. Amundi boosted its position in shares of Weave Communications by 27.1% during the first quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after buying an additional 1,130 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 valued at $134,000 after buying an additional 1,217 shares during the period. Federated Hermes Inc. boosted its position in shares of Weave Communications by 0.6% during the first quarter. Federated Hermes Inc. now owns 326,069 shares of the company’s stock valued at $3,616,000 after buying an additional 1,911 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Weave Communications by 20.2% in the first quarter. Arizona State Retirement System now owns 12,524 shares of the company’s stock valued at $139,000 after purchasing an additional 2,103 shares during the period. 86.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WEAV. Raymond James Financial lowered their price target on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating for the company in a report on Friday, August 1st. Stifel Nicolaus lowered their target price on Weave Communications from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $15.10.

Weave Communications Price Performance

NYSE WEAV opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s fifty day moving average price is $7.74 and its 200 day moving average price is $9.27. Weave Communications, Inc. has a 1 year low of $6.75 and a 1 year high of $17.63. The company has a market cap of $592.79 million, a price-to-earnings ratio of -19.24 and a beta of 1.75.

Insider Transactions at Weave Communications

In other Weave Communications news, 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 sale, the insider directly owned 584,657 shares of the company’s stock, valued at approximately $5,022,203.63. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Joseph David Mcneil sold 14,302 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $8.53, for a total transaction of $121,996.06. Following the sale, the executive directly owned 409,060 shares in the company, valued at approximately $3,489,281.80. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,294 shares of company stock valued at $739,723 in the last quarter. Insiders own 18.40% of the company’s stock.

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.