Algert Global LLC Buys 97,637 Shares of Weave Communications, Inc. (NYSE:WEAV)

Algert Global LLC raised its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 39.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 345,195 shares of the company's stock after acquiring an additional 97,637 shares during the period. Algert Global LLC owned approximately 0.47% of Weave Communications worth $5,496,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WEAV. Wasatch Advisors LP lifted its stake in Weave Communications by 38.4% in the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock valued at $82,874,000 after buying an additional 1,444,828 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in 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 purchasing an additional 1,105,728 shares during the period. Raymond James Financial Inc. bought a new stake in Weave Communications in the fourth quarter valued at approximately $14,984,000. Voya Investment Management LLC raised its holdings in Weave Communications by 509.2% in the fourth quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company's stock worth $17,500,000 after purchasing an additional 918,804 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock valued at $72,220,000 after buying an additional 863,547 shares during the period. Institutional investors and hedge funds own 86.83% of the company's stock.

Analysts Set New Price Targets

WEAV has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Raymond James lowered 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, April 29th. Finally, Piper Sandler lifted their price target on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. One investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $16.10.

Insider Activity

In related news, Director Blake G. Modersitzki sold 6,230 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the transaction, the director now directly owns 188,042 shares of the company's stock, valued at approximately $3,281,332.90. This trade represents a 3.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the sale, the chief executive officer now owns 1,790,435 shares of the company's stock, valued at approximately $20,160,298.10. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 443,780 shares of company stock valued at $5,685,893. 18.40% of the stock is owned by insiders.

Weave Communications Stock Down 0.3 %

NYSE:WEAV traded down $0.03 during trading hours on Friday, reaching $10.44. 858,414 shares of the stock were exchanged, compared to its average volume of 727,657. Weave Communications, Inc. has a twelve month low of $8.18 and a twelve month high of $17.63. The firm has a 50 day moving average of $10.53 and a 200 day moving average of $13.48. The stock has a market cap of $781.96 million, a PE ratio of -26.77 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 (NYSE:WEAV - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). The business had revenue of $55.81 million for the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, equities analysts expect that Weave Communications, Inc. will post -0.33 earnings per share for the current 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.