Tudor Investment Corp ET AL Purchases 178,614 Shares of Weave Communications, Inc. (NYSE:WEAV)

Tudor Investment Corp ET AL grew its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 159.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,965 shares of the company's stock after acquiring an additional 178,614 shares during the quarter. Tudor Investment Corp ET AL owned about 0.40% of Weave Communications worth $4,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in Weave Communications during the 4th quarter worth approximately $34,000. Summit Investment Advisors Inc. boosted its position 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 valued at $66,000 after buying an additional 928 shares during the last quarter. Amundi bought a new stake in Weave Communications during the fourth quarter worth $66,000. KLP Kapitalforvaltning AS purchased a new stake in Weave Communications in the 4th quarter valued at $131,000. Finally, US Bancorp DE lifted its stake in Weave Communications by 8.4% during 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 in the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $10.69 on Friday. The firm has a market cap of $800.98 million, a price-to-earnings ratio of -27.42 and a beta of 1.97. The stock has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $13.61. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63.

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

Insider Buying and Selling

In other Weave Communications news, insider Branden Neish sold 25,510 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the sale, the insider now owns 460,908 shares in the company, valued at $5,222,087.64. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brett T. White sold 54,051 shares of Weave Communications stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.23, for a total value of $552,941.73. Following the completion of the transaction, the chief executive officer now owns 2,086,384 shares of the company's stock, valued at approximately $21,343,708.32. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,265 shares of company stock valued at $5,781,607. Company insiders own 18.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WEAV. Piper Sandler reduced their target price on shares of Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Raymond James reduced their price objective on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their target price on shares of 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Weave Communications presently has a consensus rating of "Buy" and a consensus price target of $15.90.

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.

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