GSA Capital Partners LLP Sells 156,416 Shares of Weave Communications, Inc. (NYSE:WEAV)

GSA Capital Partners LLP decreased its position in Weave Communications, Inc. (NYSE:WEAV) by 86.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,110 shares of the company’s stock after selling 156,416 shares during the period. GSA Capital Partners LLP’s holdings in Weave Communications were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WEAV. Point72 Asset Management L.P. lifted its stake in Weave Communications by 5.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 17,496 shares of the company’s stock valued at $158,000 after acquiring an additional 896 shares during the period. California State Teachers Retirement System lifted its stake in Weave Communications by 6.6% during the 1st quarter. California State Teachers Retirement System now owns 34,685 shares of the company’s stock valued at $398,000 after acquiring an additional 2,152 shares during the period. ClariVest Asset Management LLC lifted its stake in Weave Communications by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 82,194 shares of the company’s stock valued at $741,000 after acquiring an additional 2,298 shares during the period. AQR Capital Management LLC lifted its stake in Weave Communications by 3.8% during the 2nd quarter. AQR Capital Management LLC now owns 68,687 shares of the company’s stock valued at $620,000 after acquiring an additional 2,516 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Weave Communications by 48.0% during the 2nd 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 during the period. Institutional investors own 86.83% of the company’s stock.

Weave Communications Price Performance

Shares of NYSE:WEAV opened at $13.91 on Friday. The firm’s 50 day moving average price is $12.99 and its 200-day moving average price is $10.81. The stock has a market capitalization of $1.01 billion, a PE ratio of -34.78 and a beta of 2.08. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $14.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

Insider Buying and Selling

In other Weave Communications news, COO Marcus Bertilson sold 15,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. This trade represents a 4.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the director now directly owns 282,568 shares of the company’s stock, valued at approximately $4,012,465.60. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,957 shares of company stock valued at $6,531,864. 36.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Loop Capital increased their price objective on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Piper Sandler increased 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 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 MarketBeat.com, Weave Communications presently has an average rating of “Buy” and a consensus target price of $16.50.

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.