24,951 Shares in Weave Communications, Inc. (NYSE:WEAV) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 24,951 shares of the company's stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 worth $174,000 after acquiring an additional 597 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Weave Communications by 2.6% during 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 boosted its holdings in shares of Weave Communications by 8.4% during 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. boosted its holdings in shares of Weave Communications by 28.9% during 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. boosted its holdings in shares of Weave Communications by 0.6% during 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. Institutional investors own 86.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Piper Sandler lifted their price target on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Raymond James dropped their price target on shares of 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 equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $16.10.

Insider Transactions at Weave Communications

In other news, CFO Alan Taylor sold 31,262 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $348,883.92. Following the completion of the sale, the chief financial officer now owns 247,484 shares in the company, valued at $2,761,921.44. This trade represents a 11.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Blake G. Modersitzki sold 41,991 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $17.48, for a total transaction of $734,002.68. Following the completion of the transaction, the director now directly owns 183,937 shares of the company's stock, valued at approximately $3,215,218.76. The trade was a 18.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 437,550 shares of company stock worth $5,577,180. Corporate insiders own 18.40% of the company's stock.

Weave Communications Price Performance

WEAV traded down $0.01 during trading on Wednesday, hitting $11.01. 516,210 shares of the stock traded hands, compared to its average volume of 729,043. Weave Communications, Inc. has a twelve month low of $8.18 and a twelve month high of $17.63. The company has a market cap of $824.65 million, a price-to-earnings ratio of -28.23 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. The business has a 50 day moving average price of $10.48 and a 200 day moving average price of $13.44.

Weave Communications (NYSE:WEAV - Get Free Report) last announced 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 net margin of 13.87% and a negative return on equity of 28.37%. The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.72 million. Equities research analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

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.