Two Sigma Investments LP Grows Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Two Sigma Investments LP grew its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 113.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 654,428 shares of the company's stock after acquiring an additional 348,038 shares during the quarter. Two Sigma Investments LP owned 0.90% of Weave Communications worth $10,418,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Wasatch Advisors LP raised its stake in shares of Weave Communications by 38.4% in the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after purchasing an additional 1,444,828 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Weave Communications by 202.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock worth $26,280,000 after buying an additional 1,105,728 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Weave Communications during the 4th quarter valued at approximately $14,984,000. Voya Investment Management LLC boosted its holdings in shares of Weave Communications by 509.2% in the 4th quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock valued at $17,500,000 after acquiring an additional 918,804 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock valued at $72,220,000 after acquiring an additional 863,547 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

Wall Street Analysts Forecast Growth

WEAV has been the subject of a number of research reports. Piper Sandler boosted their target price 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. Raymond James reduced their price objective 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. Finally, 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. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $16.10.

Insider Activity

In other Weave Communications news, insider Branden Neish sold 20,232 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.23, for a total transaction of $206,973.36. Following the transaction, the insider now directly owns 526,011 shares of the company's stock, valued at $5,381,092.53. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction dated 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 in the company, valued at approximately $20,160,298.10. This trade represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,014 shares of company stock worth $3,522,274 over the last three months. 18.40% of the stock is currently owned by corporate insiders.

Weave Communications Stock Performance

WEAV traded down $0.01 on Friday, reaching $9.57. The stock had a trading volume of 110,020 shares, compared to its average volume of 745,906. The business's 50-day moving average price is $10.18 and its two-hundred day moving average price is $13.16. 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, Inc. has a 12-month low of $8.18 and a 12-month high of $17.63. The company has a market cap of $719.12 million, a P/E ratio of -24.60 and a beta of 1.97.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 net margin of 13.87% and a negative return on equity of 28.37%. Sell-side analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current 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.