B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 22,736 Weave Communications, Inc. (NYSE:WEAV)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Weave Communications, Inc. (NYSE:WEAV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,736 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds also recently added to or reduced their stakes in WEAV. Sei Investments Co. increased its holdings in Weave Communications by 16.2% in the first quarter. Sei Investments Co. now owns 60,910 shares of the company’s stock valued at $699,000 after buying an additional 8,504 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Weave Communications in the first quarter valued at approximately $201,000. Vanguard Group Inc. grew its position in shares of Weave Communications by 10.3% in the first quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock valued at $38,374,000 after purchasing an additional 312,392 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Weave Communications by 39.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock valued at $5,803,000 after purchasing an additional 143,382 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Weave Communications in the first quarter valued at approximately $328,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Stock Up 0.6 %

Shares of NYSE WEAV opened at $13.99 on Tuesday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50. The firm’s 50 day moving average price is $13.05 and its 200 day moving average price is $10.88. The firm has a market cap of $1.02 billion, a P/E ratio of -34.95 and a beta of 2.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Weave Communications news, Director Blake G. Modersitzki sold 37,760 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.20, for a total transaction of $536,192.00. Following the transaction, the director now owns 282,568 shares of the company’s stock, valued at $4,012,465.60. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares in the company, valued at approximately $3,603,066.94. This represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 477,957 shares of company stock worth $6,531,864. 36.30% of the stock is owned by insiders.

About Weave Communications

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.