Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 127.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 596,300 shares of the company's stock after purchasing an additional 334,700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.82% of Weave Communications worth $9,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WEAV. Aquatic Capital Management LLC acquired a new stake in shares of Weave Communications during the fourth quarter worth approximately $34,000. Amundi acquired a new position in Weave Communications during the 4th quarter worth $66,000. Summit Investment Advisors Inc. grew its holdings in Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Weave Communications in the 4th quarter worth about $131,000. Finally, US Bancorp DE increased its position in shares of Weave Communications by 8.4% in 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weave Communications

In other news, insider Branden Neish sold 20,232 shares of Weave Communications stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $206,973.36. Following the sale, the insider now owns 526,011 shares of the company's stock, valued at approximately $5,381,092.53. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brett T. White sold 54,051 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.23, for a total value of $552,941.73. Following the transaction, the chief executive officer now owns 2,086,384 shares of the company's stock, valued at approximately $21,343,708.32. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,014 shares of company stock worth $3,522,274. 18.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on WEAV. Stifel Nicolaus reduced their price target 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. Piper Sandler upped their price objective on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Finally, Raymond James decreased their target price on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $16.10.

Weave Communications Stock Performance

Shares of NYSE:WEAV traded up $0.34 during trading on Tuesday, reaching $9.93. 359,045 shares of the company's stock traded hands, compared to its average volume of 908,316. The stock has a market capitalization of $746.78 million, a P/E ratio of -25.47 and a beta of 1.97. Weave Communications, Inc. has a 12 month low of $8.18 and a 12 month high of $17.63. The company has a 50 day moving average of $10.30 and a 200-day moving average of $13.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). The company had revenue of $55.81 million for the quarter, compared to the consensus estimate 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, equities analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

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.