Weave Communications, Inc. (NYSE:WEAV) Stake Boosted by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 509.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099,255 shares of the company's stock after acquiring an additional 918,804 shares during the period. Voya Investment Management LLC owned 1.51% of Weave Communications worth $17,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in WEAV. Wasatch Advisors LP increased its stake in shares of Weave Communications by 38.4% during the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after acquiring an additional 1,444,828 shares during the period. Vanguard Group Inc. raised its stake in shares of Weave Communications by 23.5% during the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock worth $72,220,000 after buying an additional 863,547 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Weave Communications by 202.9% in the 4th 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 period. Pathway Capital Management LP boosted its stake in shares of Weave Communications by 136.3% in the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock valued at $21,482,000 after buying an additional 778,413 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Weave Communications during the fourth quarter worth $14,984,000. Institutional investors and hedge funds own 86.83% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on WEAV. Raymond James decreased their target price on Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Tuesday. Piper Sandler dropped their target price on shares of Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $15.90.

Insider Buying and Selling

In other news, COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $312,696.67. Following the transaction, the chief operating officer now owns 248,502 shares in the company, valued at approximately $2,815,527.66. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brett T. White sold 54,051 shares of the company's 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 transaction, the chief executive officer now directly owns 2,086,384 shares in the company, valued at $21,343,708.32. The trade was a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 552,885 shares of company stock worth $7,494,445 in the last three months. 18.40% of the stock is currently owned by insiders.

Weave Communications Stock Performance

NYSE:WEAV traded up $0.09 during midday trading on Thursday, reaching $10.69. 458,065 shares of the company traded hands, compared to its average volume of 729,043. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The company has a fifty day moving average price of $10.83 and a 200 day moving average price of $13.63. The firm has a market capitalization of $800.98 million, a price-to-earnings ratio of -27.42 and a beta of 1.97.

Weave Communications (NYSE:WEAV - Get Free Report) last posted 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 company had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, 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.