Squarepoint Ops LLC Has $2.13 Million Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Squarepoint Ops LLC grew its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,047 shares of the company's stock after acquiring an additional 29,806 shares during the quarter. Squarepoint Ops LLC owned 0.18% of Weave Communications worth $2,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WEAV. Aquatic Capital Management LLC bought a new position in shares of Weave Communications in the fourth quarter valued at $34,000. Amundi acquired a new stake in Weave Communications in the fourth quarter valued at $66,000. Summit Investment Advisors Inc. lifted its stake 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 shares of Weave Communications in the 4th quarter valued at about $131,000. Finally, US Bancorp DE increased its stake 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 last quarter. 86.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Stifel Nicolaus cut their price objective on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James reduced their target price on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target 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 transaction, the chief executive officer now directly owns 1,790,435 shares of the company's stock, valued at approximately $20,160,298.10. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 248,502 shares of the company's stock, valued at approximately $2,815,527.66. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 320,014 shares of company stock worth $3,522,274 in the last ninety days. 18.40% of the stock is owned by company insiders.

Weave Communications Stock Performance

WEAV traded up $0.10 on Friday, reaching $9.67. The company had a trading volume of 1,625,406 shares, compared to its average volume of 753,649. The stock has a market cap of $727.01 million, a P/E ratio of -24.79 and a beta of 1.97. 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 fifty-two week low of $8.18 and a fifty-two week high of $17.63. The company's fifty day moving average is $10.13 and its 200 day moving average is $13.13.

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 analysts' consensus estimates of $0.01 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The firm had revenue of $55.81 million for the quarter, compared to the consensus estimate of $54.72 million. As a group, analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal 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.