Nuveen Asset Management LLC Raises Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Nuveen Asset Management LLC grew its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 824,581 shares of the company's stock after buying an additional 240,882 shares during the period. Nuveen Asset Management LLC owned 1.13% of Weave Communications worth $13,127,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in shares of Weave Communications during the fourth quarter worth $34,000. Summit Investment Advisors Inc. raised its stake in shares of 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 buying an additional 928 shares during the period. Amundi acquired a new position in Weave Communications in the 4th quarter valued at $66,000. KLP Kapitalforvaltning AS purchased a new stake in Weave Communications in the 4th quarter valued at $131,000. Finally, US Bancorp DE grew its holdings in shares of Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock worth $144,000 after purchasing an additional 703 shares during the period. Institutional investors own 86.83% of the company's stock.

Insiders Place Their Bets

In related news, CEO Brett T. White sold 109,722 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the sale, the chief executive officer now owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Branden Neish sold 20,232 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.23, for a total transaction of $206,973.36. Following the sale, the insider now directly owns 526,011 shares of the company's stock, valued at approximately $5,381,092.53. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 320,014 shares of company stock worth $3,522,274 in the last three months. 18.40% of the stock is currently owned by corporate insiders.

Weave Communications Stock Performance

Weave Communications stock traded up $0.10 during trading hours on Friday, hitting $9.67. The company had a trading volume of 1,625,406 shares, compared to its average volume of 754,707. Weave Communications, Inc. has a one year low of $8.18 and a one year high of $17.63. The firm has a 50-day moving average of $10.13 and a 200 day moving average of $13.12. The firm has a market cap of $727.01 million, a PE ratio of -24.79 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 announced its earnings results on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). The firm had revenue of $55.81 million for the quarter, compared to the consensus estimate of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, sell-side analysts expect that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WEAV shares. Stifel Nicolaus dropped 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 cut their price objective 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 target price on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.10.

About Weave Communications

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.