Jump Financial LLC Lowers Holdings in Weave Communications, Inc. (NYSE:WEAV)

Jump Financial LLC decreased its stake in Weave Communications, Inc. (NYSE:WEAVFree 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

Shares of Weave Communications stock opened at $13.40 on Friday. The business has a 50 day simple moving average of $11.54 and a two-hundred day simple moving average of $9.86. Weave Communications, Inc. has a 12 month low of $4.04 and a 12 month high of $13.80. The stock has a market capitalization of $930.90 million, a P/E ratio of -27.35 and a beta of 2.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.98 and a quick ratio of 1.98.

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.

Check Out Our Latest Stock Analysis on WEAV

Weave Communications Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WEAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weave Communications, Inc. (NYSE:WEAVFree Report).

Institutional Ownership by Quarter for Weave Communications (NYSE:WEAV)

Receive News & Ratings for Weave Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weave Communications and related companies with MarketBeat.com's FREE daily email newsletter.