Marshall Wace LLP Has $1.47 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Marshall Wace LLP boosted its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 214.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,482 shares of the company's stock after purchasing an additional 63,040 shares during the quarter. Marshall Wace LLP owned about 0.13% of Weave Communications worth $1,472,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its position in shares of Weave Communications by 28.9% in the fourth 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. Amundi bought a new stake in shares of Weave Communications in the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS bought a new stake in shares of Weave Communications in the fourth quarter valued at approximately $131,000. US Bancorp DE boosted its position in shares of Weave Communications by 8.4% in the fourth 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. Finally, Cerity Partners LLC acquired a new position in shares of Weave Communications in the fourth quarter valued at $159,000. Institutional investors own 86.83% of the company's stock.

Insider Transactions at Weave Communications

In related news, COO Marcus Bertilson sold 27,599 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $312,696.67. Following the transaction, the chief operating officer now directly owns 248,502 shares in the company, valued at $2,815,527.66. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brett T. White sold 54,051 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.23, for a total transaction of $552,941.73. Following the completion of the transaction, the chief executive officer now owns 2,086,384 shares in the company, valued at $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 552,885 shares of company stock worth $7,494,445. Corporate insiders own 18.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WEAV shares. Stifel Nicolaus cut their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Piper Sandler cut their target price on Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James cut their target price on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research note on Tuesday. One investment 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 MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $15.90.

Weave Communications Price Performance

Shares of NYSE:WEAV traded up $0.09 during midday trading on Thursday, reaching $10.69. The company's stock had a trading volume of 458,065 shares, compared to its average volume of 729,899. The business's fifty day simple moving average is $10.78 and its 200-day simple moving average is $13.61. The company has a market capitalization of $800.98 million, a P/E ratio of -27.42 and a beta of 1.97. 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, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. As a group, equities research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

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.