Weave Communications, Inc. (NYSE:WEAV) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 25.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,969 shares of the company's stock after selling 37,746 shares during the period. Harbor Capital Advisors Inc. owned about 0.15% of Weave Communications worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Weave Communications by 5.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company's stock valued at $174,000 after purchasing an additional 597 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Weave Communications by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 24,387 shares of the company's stock valued at $388,000 after acquiring an additional 620 shares during the period. US Bancorp DE increased its holdings 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 valued at $144,000 after acquiring an additional 703 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock valued at $66,000 after acquiring an additional 928 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Weave Communications by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,461 shares of the company's stock valued at $358,000 after acquiring an additional 988 shares during the period. 86.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Weave Communications news, CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total transaction of $348,883.92. Following the completion of the sale, the chief financial officer now owns 247,484 shares of the company's stock, valued at approximately $2,761,921.44. The trade was a 11.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brett T. White sold 54,051 shares of Weave Communications stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.23, for a total value of $552,941.73. Following the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 210,292 shares of company stock worth $2,286,804 in the last ninety days. 18.40% of the stock is owned by insiders.

Weave Communications Stock Up 1.3%

WEAV stock traded up $0.12 on Monday, hitting $8.65. 923,225 shares of the company's stock were exchanged, compared to its average volume of 771,286. Weave Communications, Inc. has a 12-month low of $8.48 and a 12-month high of $17.63. The firm has a 50 day moving average price of $9.91 and a two-hundred day moving average price of $12.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $649.95 million, a P/E ratio of -22.17 and a beta of 1.86.

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 the consensus estimate of $0.01 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $55.81 million for the quarter, compared to analysts' expectations of $54.72 million. As a group, equities research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

WEAV has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Piper Sandler lifted their price target on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Raymond James cut their price target on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.10.

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.