Silverleafe Capital Partners LLC Takes $206,000 Position in Weave Communications, Inc. (NYSE:WEAV)

Silverleafe Capital Partners LLC purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,925 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of Weave Communications in the third quarter valued at approximately $45,000. Quarry LP acquired a new stake in shares of Weave Communications in the 3rd quarter worth $45,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Weave Communications by 48.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,955 shares of the company’s stock valued at $90,000 after acquiring an additional 3,228 shares in the last quarter. Private Management Group Inc. acquired a new position in shares of Weave Communications during the second quarter worth about $90,000. Finally, US Bancorp DE purchased a new position in Weave Communications during the third quarter worth about $107,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insiders Place Their Bets

In other Weave Communications news, CFO Alan Taylor sold 4,182 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $16.03, for a total value of $67,037.46. Following the transaction, the chief financial officer now directly owns 283,516 shares in the company, valued at approximately $4,544,761.48. This represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake G. Modersitzki sold 15,718 shares of Weave Communications stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $13.49, for a total transaction of $212,035.82. Following the sale, the director now owns 303,935 shares of the company’s stock, valued at approximately $4,100,083.15. This trade represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,230,460 shares of company stock worth $18,056,742. Insiders own 36.30% of the company’s stock.

Analyst Ratings Changes

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

Weave Communications Price Performance

Shares of WEAV stock traded up $0.12 during mid-day trading on Monday, reaching $16.07. The stock had a trading volume of 626,189 shares, compared to its average volume of 696,575. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $16.56. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $14.57 and a 200 day simple moving average of $12.22. The company has a market cap of $1.17 billion, a P/E ratio of -40.18 and a beta of 1.92.

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.