Jump Financial LLC decreased its stake in Weave Communications, Inc. (NYSE:WEAV – Free Report) by 57.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,572 shares of the company’s stock after selling 71,928 shares during the quarter. Jump Financial LLC’s holdings in Weave Communications were worth $437,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of WEAV. Tower Research Capital LLC TRC boosted its position in Weave Communications by 90.8% during the first quarter. Tower Research Capital LLC TRC now owns 6,800 shares of the company’s stock worth $34,000 after purchasing an additional 3,236 shares in the last quarter. Barclays PLC boosted its position in Weave Communications by 443.1% during the fourth quarter. Barclays PLC now owns 8,488 shares of the company’s stock worth $39,000 after purchasing an additional 6,925 shares in the last quarter. State of Wyoming purchased a new position in Weave Communications during the second quarter worth approximately $39,000. Strs Ohio boosted its position in Weave Communications by 245.5% during the second quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $42,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Weave Communications by 236.3% during the first quarter. Citigroup Inc. now owns 7,325 shares of the company’s stock valued at $44,000 after acquiring an additional 5,147 shares during the last quarter. Hedge funds and other institutional investors own 64.04% of the company’s stock.
Insider Activity at Weave Communications
In related news, CFO Alan Taylor sold 15,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $12.00, for a total value of $180,000.00. Following the completion of the sale, the chief financial officer now owns 480,813 shares of the company’s stock, valued at $5,769,756. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 41.00% of the company’s stock.
Weave Communications Price Performance
Wall Street Analysts Forecast Growth
Separately, Piper Sandler raised Weave Communications from a “neutral” rating to an “overweight” rating and increased their target price for the company from $8.00 to $15.00 in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Weave Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.
Weave Communications Profile
Weave Communications, Inc provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.
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