Jump Financial LLC lowered its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 74.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,873 shares of the company's stock after selling 100,017 shares during the quarter. Jump Financial LLC's holdings in Weave Communications were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC bought a new position in shares of Weave Communications during the 4th quarter valued at $34,000. Summit Securities Group LLC acquired a new position in Weave Communications in the 1st quarter valued at $29,000. a16z Perennial Management L.P. acquired a new position in Weave Communications in the 1st quarter valued at $36,000. Values First Advisors Inc. acquired a new position in Weave Communications in the 1st quarter valued at $128,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Weave Communications by 11.2% in the 1st 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 last quarter. Institutional investors own 86.83% of the company's stock.
Weave Communications Stock Performance
NYSE WEAV traded up $0.14 during midday trading on Friday, hitting $7.72. The company had a trading volume of 979,279 shares, compared to its average volume of 1,048,240. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The stock has a market cap of $594.90 million, a price-to-earnings ratio of -19.31 and a beta of 1.75. The firm has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $9.49. Weave Communications, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $17.63.
Insider Activity at Weave Communications
In other Weave Communications news, COO Marcus Bertilson sold 11,409 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $8.53, for a total value of $97,318.77. Following the sale, the chief operating officer directly owned 352,093 shares in the company, valued at $3,003,353.29. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brett T. White sold 53,111 shares of the firm'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 completion of the sale, the chief executive officer owned 2,004,136 shares in the company, valued at $17,215,528.24. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,294 shares of company stock valued at $739,723. Company insiders own 18.40% of the company's stock.
Analysts Set New Price Targets
WEAV has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their target price on shares of Weave Communications from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Raymond James Financial lowered their target price on shares of Weave Communications from $17.00 to $15.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 1st. One 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $15.10.
Read Our Latest Research Report on Weave Communications
About Weave Communications
(
Free Report)
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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