Squarepoint Ops LLC Buys 29,806 Shares of Weave Communications, Inc. (NYSE:WEAV)

Squarepoint Ops LLC boosted its holdings 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 and Exchange Commission (SEC). The firm owned 134,047 shares of the company's stock after acquiring an additional 29,806 shares during the period. Squarepoint Ops LLC owned 0.18% of Weave Communications worth $2,134,000 at the end of the most recent reporting period.

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

Weave Communications Stock Performance

Shares of NYSE:WEAV traded down $0.28 during midday trading on Monday, reaching $9.38. 823,245 shares of the company's stock traded hands, compared to its average volume of 754,972. 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 one year low of $8.18 and a one year high of $17.63. The company has a market cap of $704.83 million, a price-to-earnings ratio of -24.04 and a beta of 1.97. The stock has a 50 day moving average of $10.08 and a 200 day moving average of $13.10.

Weave Communications (NYSE:WEAV - Get Free Report) last issued 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 business 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, equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Raymond James cut 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. Piper Sandler increased their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their target price on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.10.

Insider Activity

In other Weave Communications news, COO Marcus Bertilson sold 27,599 shares of the company's 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 directly owns 248,502 shares of the company's stock, valued at approximately $2,815,527.66. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Branden Neish sold 25,510 shares of Weave Communications stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the transaction, the insider now owns 460,908 shares in the company, valued at $5,222,087.64. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,014 shares of company stock valued at $3,522,274 over the last three months. Insiders own 18.40% of the company's stock.

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.