Weave Communications, Inc. (NYSE:WEAV) Stock Holdings Lifted by Graham Capital Management L.P.

Graham Capital Management L.P. grew its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 276.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,602 shares of the company's stock after acquiring an additional 32,020 shares during the quarter. Graham Capital Management L.P. owned about 0.06% of Weave Communications worth $694,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Aquatic Capital Management LLC purchased a new position in shares of Weave Communications during the 4th quarter worth approximately $34,000. Amundi acquired a new stake in shares of Weave Communications during the fourth quarter valued at $66,000. Summit Investment Advisors Inc. increased its position 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 purchasing an additional 928 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Weave Communications in the 4th quarter valued at about $131,000. Finally, US Bancorp DE lifted its holdings in 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 purchasing an additional 703 shares in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the transaction, the chief executive officer now directly owns 1,790,435 shares in the company, valued at $20,160,298.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Branden Neish sold 20,232 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.23, for a total value of $206,973.36. Following the transaction, the insider now directly owns 526,011 shares of the company's stock, 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. Insiders sold a total of 394,770 shares of company stock worth $4,829,756 over the last 90 days. Insiders own 18.40% of the company's stock.

Wall Street Analyst Weigh In

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

Weave Communications Stock Down 0.4%

Shares of WEAV stock traded down $0.05 during trading hours on Friday, hitting $10.77. 829,216 shares of the company were exchanged, compared to its average volume of 733,813. The stock has a market capitalization of $810.01 million, a price-to-earnings ratio of -27.63 and a beta of 1.97. Weave Communications, Inc. has a one year low of $8.18 and a one year high of $17.63. The business's 50-day simple moving average is $10.47 and its two-hundred day simple moving average is $13.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Weave Communications (NYSE:WEAV - Get Free Report) last issued 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 firm had revenue of $55.81 million during the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Sell-side analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal 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.