Weave Communications, Inc. $WEAV Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 92.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,708 shares of the company's stock after selling 232,769 shares during the period. Invesco Ltd.'s holdings in Weave Communications were worth $207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WEAV. Voloridge Investment Management LLC acquired a new stake in shares of Weave Communications in the fourth quarter valued at about $10,186,000. Millennium Management LLC lifted its stake in shares of Weave Communications by 176.4% in the fourth quarter. Millennium Management LLC now owns 985,018 shares of the company's stock valued at $15,681,000 after purchasing an additional 628,705 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Weave Communications by 474.5% in the first quarter. Bank of New York Mellon Corp now owns 570,810 shares of the company's stock valued at $6,330,000 after purchasing an additional 471,446 shares during the period. Two Sigma Investments LP lifted its stake in shares of Weave Communications by 113.6% in the fourth quarter. Two Sigma Investments LP now owns 654,428 shares of the company's stock valued at $10,418,000 after purchasing an additional 348,038 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Weave Communications by 127.9% in the fourth quarter. Two Sigma Advisers LP now owns 596,300 shares of the company's stock valued at $9,493,000 after purchasing an additional 334,700 shares during the period. Institutional investors and hedge funds own 86.83% of the company's stock.

Insider Activity

In other news, CRO Joseph David Mcneil sold 14,302 shares of Weave Communications stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $8.53, for a total transaction of $121,996.06. Following the completion of the sale, the executive directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brett T. White sold 53,111 shares of Weave Communications stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.59, for a total transaction 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. This trade represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,294 shares of company stock valued at $739,723. 18.40% of the stock is owned by corporate insiders.

Weave Communications Stock Performance

Shares of NYSE WEAV opened at $7.90 on Tuesday. The company has a market cap of $608.69 million, a PE ratio of -19.75 and a beta of 1.75. Weave Communications, Inc. has a 12 month low of $6.75 and a 12 month high of $17.63. 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 company has a 50-day simple moving average of $7.79 and a 200-day simple moving average of $9.39.

Analysts Set New Price Targets

Several analysts recently commented on WEAV shares. 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 research note on Friday, August 1st. Stifel Nicolaus cut their target price on shares of Weave Communications from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Weave Communications currently 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.

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