Vanguard Group Inc. Has $52.47 Million Holdings in Weave Communications, Inc. $WEAV

Key Points

• Vanguard Group Inc. increased its holdings in Weave Communications by 4.3% in the 1st quarter, owning approximately 6.32% of the company valued at $52.5 million.
• Weave Communications' stock has experienced a 1.6% decrease, with current trading around $7.64, significantly below its 1-year high of $17.63.
• Analysts have mixed opinions on Weave Communications, with price targets ranging from $13.00 to $15.10 and an average rating of "Buy."

Vanguard Group Inc. lifted its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,731,398 shares of the company's stock after buying an additional 194,936 shares during the period. Vanguard Group Inc. owned about 6.32% of Weave Communications worth $52,471,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WEAV. Aquatic Capital Management LLC acquired a new position in shares of Weave Communications during the fourth quarter worth $34,000. a16z Perennial Management L.P. acquired a new position in shares of Weave Communications during the first quarter worth $36,000. Values First Advisors Inc. acquired a new position in shares of Weave Communications during the first quarter worth $128,000. Arizona State Retirement System increased its holdings 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 buying an additional 2,103 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Weave Communications by 55.4% during the first quarter. Cerity Partners LLC now owns 15,542 shares of the company's stock worth $172,000 after buying an additional 5,540 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Stock Performance

Shares of WEAV stock traded down $0.04 on Thursday, reaching $7.71. 617,999 shares of the company were exchanged, compared to its average volume of 1,303,403. The company has a 50-day moving average of $7.86 and a 200-day moving average of $9.94. 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, Inc. has a one year low of $6.75 and a one year high of $17.63.

Insider Activity at Weave Communications

In other news, insider Erin Goodsell sold 7,472 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.59, for a total transaction of $64,184.48. Following the transaction, the insider owned 584,657 shares of the company's stock, valued at $5,022,203.63. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Marcus Bertilson sold 11,409 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 $97,318.77. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 86,294 shares of company stock worth $739,723 over the last quarter. Company insiders own 18.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Raymond James Financial reduced their price objective 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. Finally, Stifel Nicolaus reduced 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 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 stock presently has a consensus rating of "Buy" and an average price target of $15.10.

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.