15,599 Shares in Weave Communications, Inc. (NYSE:WEAV) Acquired by PDT Partners LLC

PDT Partners LLC purchased a new stake in Weave Communications, Inc. (NYSE:WEAV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,599 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its holdings in shares of 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 purchasing an additional 896 shares during the period. California State Teachers Retirement System increased its position in shares of Weave Communications by 6.6% in the first quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after buying an additional 2,152 shares in the last quarter. ClariVest Asset Management LLC increased its position in Weave Communications by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock worth $741,000 after purchasing an additional 2,298 shares in the last quarter. Truvestments Capital LLC increased its position in Weave Communications by 11.4% during the 3rd quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock worth $300,000 after purchasing an additional 2,405 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Weave Communications by 3.8% during the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock worth $620,000 after purchasing an additional 2,516 shares in the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Weave Communications Trading Down 1.9 %

Shares of WEAV stock opened at $14.12 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50. The stock has a fifty day moving average of $13.43 and a two-hundred day moving average of $11.14. The firm has a market capitalization of $1.03 billion, a PE ratio of -35.30 and a beta of 2.00.

Insider Activity

In other news, CFO Alan Taylor sold 2,638 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $13.00, for a total value of $34,294.00. Following the transaction, the chief financial officer now owns 421,847 shares in the company, valued at $5,484,011. This represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Blake G. Modersitzki sold 10,029 shares of Weave Communications stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.12, for a total transaction of $141,609.48. Following the sale, the director now directly owns 281,926 shares of the company’s stock, valued at $3,980,795.12. This trade represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,241 shares of company stock worth $6,757,409 over the last 90 days. 36.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.