Weave Communications, Inc. (NYSE:WEAV) Holdings Reduced by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 724,758 shares of the company's stock after selling 48,778 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.00% of Weave Communications worth $11,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WEAV. Wasatch Advisors LP raised its stake in shares of Weave Communications by 38.4% in the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock valued at $82,874,000 after acquiring an additional 1,444,828 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Weave Communications by 202.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock valued at $26,280,000 after purchasing an additional 1,105,728 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Weave Communications in the fourth quarter worth $14,984,000. Voya Investment Management LLC increased its stake in Weave Communications by 509.2% in the 4th quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock valued at $17,500,000 after purchasing an additional 918,804 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Weave Communications by 23.5% during the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock worth $72,220,000 after purchasing an additional 863,547 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WEAV shares. Stifel Nicolaus cut their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Raymond James lowered their target price on 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 raised their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Weave Communications has an average rating of "Buy" and an average price target of $16.10.

Insider Buying and Selling at Weave Communications

In other news, CEO Brett T. White sold 54,051 shares of Weave Communications stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.23, for a total transaction of $552,941.73. Following the completion of the sale, the chief executive officer now directly owns 2,086,384 shares of the company's stock, valued at approximately $21,343,708.32. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Marcus Bertilson sold 27,599 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $312,696.67. Following the sale, the chief operating officer now owns 248,502 shares of the company's stock, valued at $2,815,527.66. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 394,770 shares of company stock valued at $4,829,756. 18.40% of the stock is owned by insiders.

Weave Communications Trading Down 3.7%

Shares of Weave Communications stock traded down $0.40 on Monday, hitting $10.39. The stock had a trading volume of 89,510 shares, compared to its average volume of 905,041. 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 $780.77 million, a price-to-earnings ratio of -26.63 and a beta of 1.97. The stock's 50-day simple moving average is $10.47 and its two-hundred day simple moving average is $13.39. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

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

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.