Graham Capital Management L.P. Acquires 32,020 Shares of Weave Communications, Inc. (NYSE:WEAV)

Graham Capital Management L.P. boosted its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 276.5% during the fourth quarter, according to the company in its most recent filing 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 period. Graham Capital Management L.P. owned 0.06% of Weave Communications worth $694,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WEAV. Wasatch Advisors LP lifted its holdings in Weave Communications by 38.4% in the 4th quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after purchasing an additional 1,444,828 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock valued at $26,280,000 after buying an additional 1,105,728 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Weave Communications in the fourth quarter worth $14,984,000. Voya Investment Management LLC boosted its position in shares of Weave Communications by 509.2% during the fourth quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock worth $17,500,000 after acquiring an additional 918,804 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Weave Communications by 23.5% during the fourth quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock worth $72,220,000 after acquiring an additional 863,547 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors.

Weave Communications Trading Down 1.7%

Weave Communications stock traded down $0.18 during midday trading on Tuesday, reaching $10.29. The stock had a trading volume of 56,734 shares, compared to its average volume of 730,828. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a market cap of $773.62 million, a price-to-earnings ratio of -26.40 and a beta of 1.97. Weave Communications, Inc. has a 52-week low of $8.18 and a 52-week high of $17.63. The company has a fifty day moving average of $10.45 and a 200 day moving average of $13.37.

Weave Communications (NYSE:WEAV - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The business had revenue of $55.81 million for the quarter, compared to the consensus estimate of $54.72 million. On average, analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WEAV shares. Raymond James cut their price objective 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. Piper Sandler boosted their target price 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 decreased 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $16.10.

Insiders Place Their Bets

In other Weave Communications news, CRO Joseph David Mcneil sold 51,638 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total value of $576,280.08. Following the completion of the sale, the executive now directly owns 298,362 shares of the company's stock, valued at $3,329,719.92. The trade was a 14.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Branden Neish sold 20,232 shares of the firm'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 transaction of $206,973.36. Following the transaction, the insider now directly owns 526,011 shares in the company, valued at approximately $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 have sold a total of 320,014 shares of company stock worth $3,522,274 over the last quarter. Company insiders own 18.40% of the company's stock.

Weave Communications Company 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.