B. Riley Asset Management LLC acquired a new position in shares of Weave Communications, Inc. (NYSE:WEAV – Get Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 144,052 shares of the company's stock, valued at approximately $438,000. B. Riley Asset Management LLC owned approximately 0.22% of Weave Communications at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Weave Communications by 104.4% during the 2nd quarter. State Street Corp now owns 175,798 shares of the company's stock worth $534,000 after purchasing an additional 89,774 shares in the last quarter. Millennium Management LLC lifted its position in Weave Communications by 3,252.8% in the 2nd quarter. Millennium Management LLC now owns 365,552 shares of the company's stock valued at $1,111,000 after acquiring an additional 354,649 shares in the last quarter. Resolute Advisors LLC bought a new position in Weave Communications in the 2nd quarter valued at about $122,000. Vista Wealth Management Group LLC bought a new position in Weave Communications in the 2nd quarter valued at about $1,061,000. Finally, Bank of America Corp DE lifted its position in Weave Communications by 506.8% in the 1st quarter. Bank of America Corp DE now owns 45,803 shares of the company's stock valued at $273,000 after acquiring an additional 38,255 shares in the last quarter. Institutional investors own 59.24% of the company's stock.
Get Weave Communications alerts:Insider Activity at Weave Communications
In related news, major shareholder Tiger Global Management Llc sold 73,761 shares of the firm's stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $6.41, for a total value of $472,808.01. Following the transaction, the insider now owns 6,958,809 shares of the company's stock, valued at approximately $44,605,965.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Tiger Global Management Llc sold 73,761 shares of the firm's stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $6.41, for a total value of $472,808.01. Following the transaction, the insider now owns 6,958,809 shares of the company's stock, valued at approximately $44,605,965.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan Taylor sold 5,785 shares of Weave Communications stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $4.68, for a total transaction of $27,073.80. Following the transaction, the chief financial officer now directly owns 287,202 shares in the company, valued at approximately $1,344,105.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,039 shares of company stock valued at $1,214,679. 41.86% of the stock is owned by corporate insiders.
Weave Communications Trading Down 1.6 %
Shares of NYSE WEAV opened at $4.25 on Friday. Weave Communications, Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $15.79. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.06. The firm's 50-day simple moving average is $5.04 and its 200 day simple moving average is $4.95.Weave Communications Company Profile
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Weave Communications, Inc provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks.
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