Osterweis Capital Management Inc. trimmed its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 46.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 345,610 shares of the company's stock after selling 299,630 shares during the quarter. Osterweis Capital Management Inc. owned approximately 0.46% of Weave Communications worth $3,833,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its holdings in shares of Weave Communications by 9.1% in the 1st quarter. Rhumbline Advisers now owns 55,109 shares of the company's stock valued at $611,000 after acquiring an additional 4,594 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Weave Communications in the 1st quarter valued at $186,000. Driehaus Capital Management LLC increased its holdings in shares of Weave Communications by 57.9% in the 4th quarter. Driehaus Capital Management LLC now owns 855,502 shares of the company's stock valued at $13,620,000 after acquiring an additional 313,618 shares during the period. Arizona State Retirement System increased its holdings in shares of Weave Communications by 20.2% in the 1st quarter. Arizona State Retirement System now owns 12,524 shares of the company's stock valued at $139,000 after acquiring an additional 2,103 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Weave Communications by 31.7% in the 1st quarter. Teacher Retirement System of Texas now owns 52,172 shares of the company's stock valued at $579,000 after acquiring an additional 12,566 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on WEAV shares. Raymond James Financial cut 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 report on Friday, August 1st. Piper Sandler lifted their price objective on shares of 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 lowered their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $15.10.
View Our Latest Stock Report on WEAV
Insider Activity at Weave Communications
In other Weave Communications news, insider Erin Goodsell sold 7,472 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.59, for a total transaction of $64,184.48. Following the sale, the insider directly owned 584,657 shares in the company, valued at approximately $5,022,203.63. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Joseph David Mcneil sold 14,302 shares of the business's stock in a transaction on 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 owned 409,060 shares in the company, valued at $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 have sold a total of 86,294 shares of company stock valued at $739,723 over the last 90 days. Company insiders own 18.40% of the company's stock.
Weave Communications Price Performance
Shares of NYSE WEAV traded up $0.1210 during trading on Friday, hitting $7.7510. 1,738,303 shares of the company were exchanged, compared to its average volume of 1,236,858. The company has a market cap of $597.14 million, a price-to-earnings ratio of -19.38 and a beta of 1.74. Weave Communications, Inc. has a 1 year low of $6.75 and a 1 year high of $17.63. The firm's fifty day moving average price is $7.92 and its 200 day moving average price is $10.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 1.22.
Weave Communications Profile
(
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.
Featured Articles
Before you consider Weave Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weave Communications wasn't on the list.
While Weave Communications currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access