Algert Global LLC Has $3.17 Million Stake in Weave Communications, Inc. (NYSE:WEAV)

Algert Global LLC increased its position in Weave Communications, Inc. (NYSE:WEAV) by 36.2% during the third quarter, Holdings Channel.com reports. The firm owned 247,558 shares of the company’s stock after buying an additional 65,790 shares during the quarter. Algert Global LLC’s holdings in Weave Communications were worth $3,169,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Point72 Asset Management L.P. raised its holdings in Weave Communications by 5.4% during the second quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock worth $158,000 after buying an additional 896 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Weave Communications by 6.6% during the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock worth $398,000 after acquiring an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Weave Communications by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after acquiring an additional 2,298 shares during the last quarter. AQR Capital Management LLC lifted its position in Weave Communications by 3.8% in the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after acquiring an additional 2,516 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Weave Communications by 48.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after purchasing an additional 3,228 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Performance

Shares of WEAV opened at $13.99 on Tuesday. The stock has a 50 day moving average of $13.05 and a 200 day moving average of $10.88. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $14.50. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -34.98 and a beta of 2.08.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $10.67, for a total transaction of $160,050.00. Following the completion of the transaction, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This represents a 4.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan Taylor sold 13,295 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 475,941 shares of the company’s stock, valued at approximately $5,249,629.23. The trade was a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 477,957 shares of company stock valued at $6,531,864 in the last ninety days. 36.30% of the stock is currently owned by insiders.

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.