Weave Communications, Inc. (NYSE:WEAV) Stake Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 127.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 596,300 shares of the company's stock after buying an additional 334,700 shares during the quarter. Two Sigma Advisers LP owned about 0.82% of Weave Communications worth $9,493,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Weave Communications by 31.9% during the 3rd 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 period. JPMorgan Chase & Co. grew its stake in shares of Weave Communications by 13.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company's stock worth $1,852,000 after purchasing an additional 17,530 shares during the period. SG Americas Securities LLC grew its stake in shares of Weave Communications by 103.8% during the 4th quarter. SG Americas Securities LLC now owns 30,752 shares of the company's stock worth $490,000 after purchasing an additional 15,660 shares during the period. Gagnon Securities LLC acquired a new position in shares of Weave Communications during the 4th quarter worth $524,000. Finally, Principal Financial Group Inc. grew its stake in shares of Weave Communications by 33.0% during the 4th quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock worth $1,900,000 after purchasing an additional 29,583 shares during the period. 86.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WEAV has been the topic of a number of recent analyst reports. Piper Sandler upped their price target on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Raymond James lowered their price target on shares of 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. Finally, Stifel Nicolaus decreased their price objective on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Weave Communications presently has a consensus rating of "Buy" and a consensus price target of $16.10.

Weave Communications Trading Down 2.2%

NYSE:WEAV traded down $0.21 on Wednesday, reaching $9.68. The stock had a trading volume of 129,285 shares, compared to its average volume of 743,301. The company has a market cap of $727.46 million, a price-to-earnings ratio of -24.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The firm's fifty day moving average is $10.27 and its two-hundred day moving average is $13.21. Weave Communications, Inc. has a 12-month low of $8.18 and a 12-month high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last released its earnings results 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). The firm 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%. Equities analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity

In other Weave Communications news, insider Branden Neish sold 25,510 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of the sale, the insider now owns 460,908 shares of the company's stock, valued at $5,222,087.64. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett T. White sold 54,051 shares of the company'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 $552,941.73. Following the completion of the transaction, the chief executive officer now owns 2,086,384 shares of the company's stock, valued at $21,343,708.32. This trade represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 320,014 shares of company stock valued at $3,522,274 in the last 90 days. 18.40% of the stock is currently owned by insiders.

Weave Communications 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.