Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 711.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,240 shares of the company's stock after buying an additional 180,827 shares during the quarter. Deutsche Bank AG owned about 0.28% of Weave Communications worth $3,283,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Weave Communications by 5.8% in the 4th 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 last quarter. MetLife Investment Management LLC grew its stake in shares of Weave Communications by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock valued at $388,000 after purchasing an additional 620 shares during the last quarter. US Bancorp DE grew its stake in shares of Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock valued at $66,000 after purchasing an additional 928 shares during the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of Weave Communications by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 24,576 shares of the company's stock valued at $391,000 after purchasing an additional 1,154 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WEAV shares. Stifel Nicolaus lowered their target price 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. Piper Sandler raised their price target on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Raymond James reduced their price target on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $16.10.

Weave Communications Price Performance

Shares of WEAV traded down $0.15 during mid-day trading on Friday, hitting $9.60. The company's stock had a trading volume of 624,438 shares, compared to its average volume of 744,427. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $13.30. The firm has a market capitalization of $721.37 million, a P/E ratio of -24.60 and a beta of 1.97. Weave Communications, Inc. has a 1-year low of $8.18 and a 1-year high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the transaction, the chief executive officer now directly owns 1,790,435 shares of the company's stock, valued at approximately $20,160,298.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Joseph David Mcneil sold 51,638 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total value of $576,280.08. Following the sale, the executive now owns 298,362 shares in the company, valued at approximately $3,329,719.92. This trade represents a 14.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 320,014 shares of company stock valued at $3,522,274. 18.40% of the stock is owned by insiders.

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.