US Bancorp DE Invests $107,000 in Weave Communications, Inc. (NYSE:WEAV)

US Bancorp DE acquired a new position in Weave Communications, Inc. (NYSE:WEAV) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 8,350 shares of the company’s stock, valued at approximately $107,000.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank raised its holdings in Weave Communications by 14.5% during the 1st quarter. Swiss National Bank now owns 68,600 shares of the company’s stock worth $788,000 after purchasing an additional 8,700 shares during the last quarter. Sei Investments Co. lifted 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 during the period. Russell Investments Group Ltd. bought a new position in Weave Communications in the first quarter valued at approximately $201,000. Vanguard Group Inc. grew its holdings in Weave Communications by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company’s stock worth $38,374,000 after acquiring an additional 312,392 shares during the period. Finally, Acadian Asset Management LLC raised 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 valued at $9,002,000 after acquiring an additional 7,511 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insider Activity

In other Weave Communications news, Director Blake G. Modersitzki sold 51,332 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $13.51, for a total transaction of $693,495.32. Following the completion of the transaction, the director now owns 306,852 shares in the company, valued at approximately $4,145,570.52. This represents a 14.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alan Taylor sold 2,638 shares of Weave Communications stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $13.00, for a total value of $34,294.00. Following the completion of the sale, the chief financial officer now directly owns 421,847 shares in the company, valued at $5,484,011. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,957 shares of company stock worth $6,531,864 in the last 90 days. Corporate insiders own 36.30% of the company’s stock.

Weave Communications Stock Down 0.1 %

NYSE:WEAV opened at $13.27 on Friday. The stock has a market cap of $965.66 million, a price-to-earnings ratio of -33.18 and a beta of 2.08. The company has a current ratio of 1.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $10.70. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $14.50.

Analyst Ratings Changes

WEAV has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Weave Communications from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Loop Capital upped their price target on Weave Communications from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler lifted their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. 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. According to data from MarketBeat, Weave Communications presently has a consensus rating of “Buy” and an average price target of $16.50.

Weave Communications 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.