Nuveen Asset Management LLC Purchases 240,882 Shares of Weave Communications, Inc. (NYSE:WEAV)

Nuveen Asset Management LLC boosted its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 824,581 shares of the company's stock after purchasing an additional 240,882 shares during the quarter. Nuveen Asset Management LLC owned about 1.13% of Weave Communications worth $13,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in Weave Communications in the fourth quarter valued at about $34,000. Amundi bought a new position in Weave Communications in the fourth quarter valued at about $66,000. Summit Investment Advisors Inc. grew its position in Weave Communications by 28.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock valued at $66,000 after acquiring an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Weave Communications in the fourth quarter valued at about $131,000. Finally, US Bancorp DE grew its position in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WEAV. Piper Sandler lifted their target price on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Raymond James reduced their price target on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. Finally, Stifel Nicolaus reduced their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. 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 stock. According to data from MarketBeat.com, Weave Communications currently has an average rating of "Buy" and an average target price of $16.10.

Insider Activity at Weave Communications

In other news, CEO Brett T. White sold 109,722 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,790,435 shares of the company's stock, valued at $20,160,298.10. This trade represents a 5.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Branden Neish sold 20,232 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was 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. This trade represents a 3.70% 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 ninety days. Insiders own 18.40% of the company's stock.

Weave Communications Trading Down 0.3%

WEAV stock traded down $0.03 during trading on Thursday, hitting $9.59. The company had a trading volume of 635,253 shares, compared to its average volume of 746,487. The business has a 50-day moving average of $10.22 and a 200-day moving average of $13.19. 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 $721.00 million, a PE ratio of -24.59 and a beta of 1.97. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results 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 company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $54.72 million. Research analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

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.