Quantbot Technologies LP Reduces Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Quantbot Technologies LP reduced its position in shares of Weave Communications, Inc. (NYSE:WEAVFree Report) by 64.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,765 shares of the company’s stock after selling 33,404 shares during the quarter. Quantbot Technologies LP’s holdings in Weave Communications were worth $153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WEAV. Bank of New York Mellon Corp bought a new stake in Weave Communications during the 1st quarter valued at about $98,000. Citigroup Inc. boosted its holdings in shares of Weave Communications by 236.3% during the 1st 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. BlackRock Inc. boosted its holdings in shares of Weave Communications by 31.6% during the 1st quarter. BlackRock Inc. now owns 135,395 shares of the company’s stock valued at $807,000 after acquiring an additional 32,474 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Weave Communications during the 1st quarter valued at about $291,000. Finally, State Street Corp boosted its holdings in shares of Weave Communications by 116.7% during the 1st quarter. State Street Corp now owns 86,024 shares of the company’s stock valued at $513,000 after acquiring an additional 46,333 shares during the last quarter. 64.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Alan Taylor sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $12.00, for a total value of $180,000.00. Following the transaction, 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 accessible through this link. 41.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised shares of Weave Communications from a “neutral” rating to an “overweight” rating and raised their price target for the company from $8.00 to $15.00 in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Check Out Our Latest Report on WEAV

Weave Communications Stock Performance

WEAV opened at $13.40 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.20. The company has a market cap of $930.90 million, a price-to-earnings ratio of -27.35 and a beta of 2.37. The company’s 50 day moving average is $11.54 and its 200 day moving average is $9.85. Weave Communications, Inc. has a 12-month low of $4.04 and a 12-month high of $13.80.

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.

Further Reading

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

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