Allspring Global Investments Holdings LLC Has $179,000 Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Allspring Global Investments Holdings LLC reduced its holdings in Weave Communications, Inc. (NYSE:WEAV) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,949 shares of the company’s stock after selling 2,143 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Weave Communications were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in 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 acquiring an additional 312,392 shares during the period. AXA S.A. bought a new stake in shares of Weave Communications in the 2nd quarter worth about $11,590,000. Acadian Asset Management LLC increased its position in shares of Weave Communications by 1.0% during the 1st quarter. Acadian Asset Management LLC now owns 784,270 shares of the company’s stock worth $9,002,000 after purchasing an additional 7,511 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Weave Communications by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 593,500 shares of the company’s stock valued at $5,353,000 after purchasing an additional 89,600 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in Weave Communications by 39.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 505,525 shares of the company’s stock worth $5,803,000 after buying an additional 143,382 shares during the last quarter. 86.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 3,560 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.39, for a total transaction of $36,988.40. Following the completion of the sale, the chief financial officer now owns 525,555 shares in the company, valued at approximately $5,460,516.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Blake G. Modersitzki sold 15,718 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $13.49, for a total value of $212,035.82. Following the completion of the sale, the director now owns 303,935 shares in the company, valued at $4,100,083.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alan Taylor sold 3,560 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.39, for a total value of $36,988.40. Following the sale, the chief financial officer now directly owns 525,555 shares in the company, valued at $5,460,516.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,248 shares of company stock valued at $1,986,355. 36.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WEAV has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Loop Capital upped their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.50.

Weave Communications Stock Down 6.4 %

Shares of NYSE:WEAV opened at $13.12 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $942.19 million, a price-to-earnings ratio of -32.80 and a beta of 2.08. The company has a 50 day moving average of $12.22 and a 200-day moving average of $10.52. Weave Communications, Inc. has a one year low of $7.76 and a one year high of $14.34.

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.