Eventide Asset Management LLC Takes $1.52 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Eventide Asset Management LLC acquired a new stake in Weave Communications, Inc. (NYSE:WEAV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 118,790 shares of the company’s stock, valued at approximately $1,521,000.

Several other large investors have also bought and sold shares of the company. AXA S.A. bought a new stake in Weave Communications in the second quarter worth about $11,590,000. Pathway Capital Management LP bought a new position in shares of Weave Communications during the 3rd quarter valued at about $7,308,000. Vanguard Group Inc. grew its stake in shares of Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after purchasing an additional 312,392 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Weave Communications in the 3rd quarter worth approximately $1,904,000. Finally, Bailard Inc. acquired a new stake in Weave Communications during the second quarter valued at approximately $851,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Loop Capital lifted 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, October 31st. The Goldman Sachs Group lifted their target price on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Piper Sandler boosted their target price on Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $16.50.

Insider Buying and Selling at Weave Communications

In related news, CFO Alan Taylor sold 3,560 shares of the firm’s stock in a transaction that occurred 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 directly owns 525,555 shares in the company, valued at approximately $5,460,516.45. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Marcus Bertilson sold 15,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 337,682 shares in the company, valued at $3,603,066.94. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 487,986 shares of company stock valued at $6,673,473 in the last three months. 36.30% of the stock is currently owned by company insiders.

Weave Communications Stock Performance

WEAV stock opened at $13.67 on Friday. 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 52-week low of $8.10 and a 52-week high of $14.50. The company’s 50 day simple moving average is $13.28 and its 200-day simple moving average is $10.99.

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.