Harbor Capital Advisors Inc. Buys Shares of 148,778 Weave Communications, Inc. (NYSE:WEAV)

Harbor Capital Advisors Inc. acquired a new position in shares of Weave Communications, Inc. (NYSE:WEAV) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 148,778 shares of the company’s stock, valued at approximately $1,904,000.

A number of other hedge funds also recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in shares of Weave Communications during the third quarter worth $45,000. Private Management Group Inc. acquired a new stake in Weave Communications in the second quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 purchasing an additional 3,228 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Weave Communications during the 2nd quarter valued at about $98,000. Finally, US Bancorp DE purchased a new position in shares of Weave Communications during the third quarter valued at approximately $107,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler increased their price target on Weave Communications from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of Weave Communications from $13.00 to $14.50 and gave the company a “neutral” rating in a research note on Friday. Finally, Loop Capital increased their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research 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 currently has an average rating of “Buy” and a consensus price target of $16.50.

Insider Activity at Weave Communications

In other Weave Communications news, COO Marcus Bertilson sold 15,000 shares of Weave Communications stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $10.67, for a total value of $160,050.00. Following the transaction, the chief operating officer now directly owns 337,682 shares of the company’s stock, valued at $3,603,066.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,603,066.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alan Taylor sold 13,295 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $11.03, for a total value of $146,643.85. Following the transaction, the chief financial officer now owns 475,941 shares in the company, valued at approximately $5,249,629.23. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 286,106 shares of company stock worth $3,811,470 in the last ninety days. 36.30% of the stock is owned by company insiders.

Weave Communications Stock Performance

Weave Communications stock opened at $13.01 on Tuesday. The firm has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $10.51. Weave Communications, Inc. has a twelve month low of $7.76 and a twelve month high of $14.34. The company has a market capitalization of $934.29 million, a PE ratio of -32.53 and a beta of 2.08. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.09.

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.