Cubist Systematic Strategies LLC Has $822,000 Stock Holdings in Weave Communications, Inc. $WEAV

Key Points

• Cubist Systematic Strategies LLC significantly reduced its holdings in Weave Communications by 77.9%, owning approximately $822,000 worth of the stock as of its latest SEC filing.
• Several large investors, including Price T Rowe Associates and Bank of America, have modified their positions in Weave Communications, with 86.83% of the stock currently held by institutional investors and hedge funds.
• Analysts have a consensus rating of "Buy" for Weave Communications, with a revised price target averaging $15.10, despite the stock recently trading at around $7.81.

Cubist Systematic Strategies LLC reduced its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 77.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 74,126 shares of the company's stock after selling 261,938 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.10% of Weave Communications worth $822,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WEAV. Price T Rowe Associates Inc. MD increased its position in shares of Weave Communications by 27.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,969 shares of the company's stock worth $255,000 after buying an additional 3,456 shares during the period. Northern Trust Corp grew its holdings in shares of Weave Communications by 0.8% during the fourth quarter. Northern Trust Corp now owns 364,003 shares of the company's stock valued at $5,795,000 after buying an additional 2,744 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Weave Communications during the fourth quarter valued at about $277,000. BNP Paribas Financial Markets acquired a new position in shares of Weave Communications during the fourth quarter valued at about $2,610,000. Finally, Bank of America Corp DE grew its holdings in shares of Weave Communications by 60.1% during the fourth quarter. Bank of America Corp DE now owns 313,080 shares of the company's stock valued at $4,984,000 after buying an additional 117,525 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WEAV shares. Stifel Nicolaus reduced their price objective on shares of Weave Communications from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, August 1st. Raymond James Financial reduced their price objective on shares of Weave Communications from $17.00 to $15.00 and set a "strong-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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, Weave Communications presently has an average rating of "Buy" and a consensus price target of $15.10.

Weave Communications Stock Down 1.0%

Weave Communications stock opened at $7.81 on Wednesday. Weave Communications, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $17.63. The stock has a market cap of $601.68 million, a PE ratio of -19.53 and a beta of 1.75. The firm's 50-day simple moving average is $7.78 and its 200 day simple moving average is $9.38. 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 Activity at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 53,111 shares of Weave Communications stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.59, for a total value of $456,223.49. Following the sale, the chief executive officer owned 2,004,136 shares of the company's stock, valued at approximately $17,215,528.24. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Marcus Bertilson sold 11,409 shares of Weave Communications stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $8.53, for a total transaction of $97,318.77. Following the completion of the sale, the chief operating officer directly owned 352,093 shares in the company, valued at approximately $3,003,353.29. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,294 shares of company stock worth $739,723. Insiders own 18.40% of the company's stock.

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.

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