BNP Paribas Financial Markets Buys New Holdings in Weave Communications, Inc. (NYSE:WEAV)

BNP Paribas Financial Markets acquired a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 163,974 shares of the company's stock, valued at approximately $2,610,000. BNP Paribas Financial Markets owned 0.23% of Weave Communications as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Aquatic Capital Management LLC purchased a new stake in shares of Weave Communications during the fourth quarter worth $34,000. Summit Investment Advisors Inc. lifted its holdings in Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after purchasing an additional 928 shares in the last quarter. Amundi purchased a new stake in Weave Communications during the 4th quarter worth about $66,000. KLP Kapitalforvaltning AS bought a new position in Weave Communications in the 4th quarter worth about $131,000. Finally, US Bancorp DE grew its holdings in Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after buying an additional 703 shares in the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Price Performance

Weave Communications stock traded up $0.10 during mid-day trading on Thursday, hitting $9.79. 174,719 shares of the company traded hands, compared to its average volume of 737,117. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a one year low of $8.18 and a one year high of $17.63. The stock has a market cap of $736.03 million, a price-to-earnings ratio of -25.10 and a beta of 1.97. The stock has a fifty day moving average price of $10.41 and a 200-day moving average price of $13.33.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.11) earnings per share 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 company had revenue of $55.81 million for the quarter, compared to analysts' expectations of $54.72 million. On average, equities analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Raymond James lowered their target price on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Piper Sandler boosted 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.10.

Insider Buying and Selling at Weave Communications

In other news, insider Branden Neish sold 25,510 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of the sale, the insider now owns 460,908 shares of the company's stock, valued at approximately $5,222,087.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Marcus Bertilson sold 27,599 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total transaction of $312,696.67. Following the transaction, the chief operating officer now directly owns 248,502 shares in the company, valued at approximately $2,815,527.66. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 320,014 shares of company stock worth $3,522,274 over the last 90 days. Corporate insiders own 18.40% of the company's stock.

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.