Weave Communications, Inc. (NYSE:WEAV) Stock Holdings Lifted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 159.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 290,965 shares of the company's stock after purchasing an additional 178,614 shares during the period. Tudor Investment Corp ET AL owned approximately 0.40% of Weave Communications worth $4,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Aquatic Capital Management LLC purchased a new stake in shares of Weave Communications in the fourth quarter valued at $34,000. Summit Investment Advisors Inc. lifted its holdings in shares of Weave Communications by 28.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after buying an additional 928 shares during the last quarter. Amundi bought a new stake in Weave Communications in the fourth quarter valued at $66,000. KLP Kapitalforvaltning AS bought a new stake in Weave Communications in the fourth quarter valued at about $131,000. Finally, US Bancorp DE raised its position 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. Institutional investors and hedge funds own 86.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Raymond James reduced their price target on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler increased their price objective on Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Stifel Nicolaus dropped their price objective on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One equities research 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 data from MarketBeat, Weave Communications presently has a consensus rating of "Buy" and an average target price of $16.10.

Weave Communications Stock Up 2.8 %

Shares of Weave Communications stock traded up $0.27 during midday trading on Wednesday, hitting $9.72. The company had a trading volume of 337,331 shares, compared to its average volume of 720,854. The stock has a market capitalization of $727.88 million, a P/E ratio of -24.90 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 debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50 day moving average of $10.64 and a 200 day moving average of $13.55.

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). The firm had revenue of $55.81 million during the quarter, compared to analysts' expectations 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, equities analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Weave Communications news, CEO Brett T. White sold 54,051 shares of the company'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 $552,941.73. Following the completion of the sale, the chief executive officer now directly owns 2,086,384 shares of the company's stock, valued at $21,343,708.32. This represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Blake G. Modersitzki sold 74,756 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the transaction, the director now directly owns 179,153 shares in the company, valued at $3,133,385.97. This represents a 29.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,265 shares of company stock worth $5,781,607. 18.40% of the stock is 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.