Brevan Howard Capital Management LP Makes New Investment in Weave Communications, Inc. (NYSE:WEAV)

Brevan Howard Capital Management LP acquired a new stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,951 shares of the company's stock, valued at approximately $397,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Weave Communications by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company's stock valued at $174,000 after purchasing an additional 597 shares during the period. MetLife Investment Management LLC lifted its stake in Weave Communications by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock worth $388,000 after acquiring an additional 620 shares during the period. US Bancorp DE lifted its stake in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock worth $144,000 after acquiring an additional 703 shares during the period. Summit Investment Advisors Inc. lifted its stake in Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Weave Communications by 0.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company's stock worth $2,383,000 after acquiring an additional 937 shares during the period. Hedge funds and other institutional investors own 86.83% of the company's stock.

Weave Communications Stock Performance

NYSE WEAV traded down $0.05 during trading hours on Friday, hitting $10.78. The company's stock had a trading volume of 361,782 shares, compared to its average volume of 728,628. Weave Communications, Inc. has a 12 month low of $8.18 and a 12 month high of $17.63. The company's 50 day simple moving average is $10.48 and its two-hundred day simple moving average is $13.42. The company has a market cap of $810.09 million, a P/E ratio of -27.63 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Weave Communications (NYSE:WEAV - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $55.81 million during the quarter, compared to the consensus estimate of $54.72 million. As a group, sell-side analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Branden Neish sold 20,232 shares of Weave Communications stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $206,973.36. Following the transaction, the insider now directly owns 526,011 shares of the company's stock, valued at $5,381,092.53. The trade was a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brett T. White sold 109,722 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the transaction, the chief executive officer now directly owns 1,790,435 shares in the company, valued at approximately $20,160,298.10. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,770 shares of company stock worth $4,829,756. 18.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WEAV has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Piper Sandler raised their price target on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Raymond James lowered their price objective on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $16.10.

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.