Voloridge Investment Management LLC Purchases Shares of 639,812 Weave Communications, Inc. (NYSE:WEAV)

Voloridge Investment Management LLC bought a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 639,812 shares of the company's stock, valued at approximately $10,186,000. Voloridge Investment Management LLC owned approximately 0.88% of Weave Communications at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Weave Communications by 31.9% during the third quarter. Barclays PLC now owns 223,503 shares of the company's stock worth $2,861,000 after purchasing an additional 54,019 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Weave Communications by 103.8% in the fourth quarter. SG Americas Securities LLC now owns 30,752 shares of the company's stock valued at $490,000 after acquiring an additional 15,660 shares during the last quarter. Gagnon Securities LLC bought a new position in Weave Communications in the fourth quarter valued at about $524,000. Principal Financial Group Inc. lifted its stake in Weave Communications by 33.0% in the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock valued at $1,900,000 after buying an additional 29,583 shares during the period. Finally, Olympiad Research LP acquired a new position in Weave Communications in the fourth quarter valued at about $503,000. 86.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler raised their price target on 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 lowered their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, 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 report on Tuesday, April 29th. One equities research 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, Weave Communications has an average rating of "Buy" and an average price target of $16.10.

Weave Communications Trading Down 0.2%

Shares of WEAV traded down $0.02 during trading hours on Friday, hitting $9.56. The company had a trading volume of 148,725 shares, compared to its average volume of 746,056. The firm has a market cap of $718.36 million, a P/E ratio of -24.58 and a beta of 1.97. The stock's 50 day moving average price is $10.18 and its 200 day moving average price is $13.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52-week low of $8.18 and a 52-week high of $17.63.

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 company had revenue of $55.81 million for 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%. On average, research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Activity at Weave Communications

In other news, CEO Brett T. White sold 109,722 shares of the company's stock in a transaction on Monday, March 17th. The stock was 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 represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Branden Neish sold 20,232 shares of the business's 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 sale, the insider now directly owns 526,011 shares in the company, valued at $5,381,092.53. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 320,014 shares of company stock valued at $3,522,274. Insiders own 18.40% of the company's stock.

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.