Quadrature Capital Ltd Decreases Stake in Weave Communications, Inc. (NYSE:WEAV)

Quadrature Capital Ltd lessened its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 50.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,872 shares of the company’s stock after selling 26,018 shares during the period. Quadrature Capital Ltd’s holdings in Weave Communications were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WEAV. nVerses Capital LLC acquired a new position in shares of Weave Communications during the 3rd quarter worth approximately $45,000. Quarry LP purchased a new position in Weave Communications during the third quarter worth approximately $45,000. US Bancorp DE acquired a new position in Weave Communications during the third quarter worth $107,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Weave Communications by 48.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock worth $90,000 after buying an additional 3,228 shares during the last quarter. Finally, Private Management Group Inc. purchased a new stake in Weave Communications in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Up 0.7 %

Shares of NYSE:WEAV opened at $14.79 on Tuesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -36.98 and a beta of 2.00. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $14.95. The business has a 50-day moving average price of $13.55 and a 200 day moving average price of $11.28. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WEAV shares. Loop Capital lifted their price target on Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weave Communications currently has an average rating of “Buy” and an average price target of $16.50.

Insider Buying and Selling at Weave Communications

In other news, CFO Alan Taylor sold 13,295 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $11.03, for a total transaction of $146,643.85. Following the completion of the transaction, the chief financial officer now directly owns 475,941 shares in the company, valued at $5,249,629.23. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Blake G. Modersitzki sold 121,148 shares of Weave Communications stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total value of $1,702,129.40. Following the completion of the sale, the director now directly owns 296,182 shares of the company’s stock, valued at $4,161,357.10. The trade was a 29.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 610,792 shares of company stock worth $8,433,068 over the last three months. Insiders own 36.30% of the company’s stock.

Weave Communications Company 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.