G2 Investment Partners Management LLC Sells 475,658 Shares of Weave Communications, Inc. (NYSE:WEAV)

G2 Investment Partners Management LLC cut its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,360 shares of the company's stock after selling 475,658 shares during the quarter. G2 Investment Partners Management LLC owned 0.05% of Weave Communications worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WEAV. Deutsche Bank AG lifted its position in shares of Weave Communications by 711.6% during the 4th quarter. Deutsche Bank AG now owns 206,240 shares of the company's stock valued at $3,283,000 after acquiring an additional 180,827 shares during the period. Driehaus Capital Management LLC increased its stake in Weave Communications by 57.9% in the fourth quarter. Driehaus Capital Management LLC now owns 855,502 shares of the company's stock valued at $13,620,000 after purchasing an additional 313,618 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Weave Communications by 106.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 336,064 shares of the company's stock valued at $5,350,000 after purchasing an additional 173,177 shares during the period. Centiva Capital LP acquired a new position in shares of Weave Communications during the fourth quarter valued at about $310,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Weave Communications during the 4th quarter worth about $397,000. 86.83% of the stock is currently owned by institutional investors.

Weave Communications Stock Down 0.3%

Shares of NYSE WEAV traded down $0.03 during mid-day trading on Friday, reaching $10.44. 858,414 shares of the company's stock traded hands, compared to its average volume of 727,657. 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 business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $13.49. The stock has a market cap of $781.96 million, a P/E ratio of -26.77 and a beta of 1.97. Weave Communications, Inc. has a 1-year low of $8.18 and a 1-year high of $17.63.

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 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, analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on WEAV shares. Stifel Nicolaus decreased their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler raised 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 price objective on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $16.10.

Insider Activity

In other Weave Communications news, CEO Brett T. White sold 109,722 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.26, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Blake G. Modersitzki sold 74,756 shares of Weave Communications stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the transaction, the director now directly owns 179,153 shares in the company, valued at approximately $3,133,385.97. This represents a 29.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 443,780 shares of company stock worth $5,685,893 over the last 90 days. 18.40% of the stock is currently owned by corporate 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.