Algert Global LLC Has $5.50 Million Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Algert Global LLC raised its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 39.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 345,195 shares of the company's stock after buying an additional 97,637 shares during the quarter. Algert Global LLC owned about 0.47% of Weave Communications worth $5,496,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in WEAV. AXA S.A. grew its holdings in Weave Communications by 0.7% during the fourth quarter. AXA S.A. now owns 1,294,281 shares of the company's stock worth $20,605,000 after acquiring an additional 9,365 shares during the period. Voleon Capital Management LP acquired a new position in shares of Weave Communications during the 4th quarter worth $330,000. PDT Partners LLC increased its holdings in shares of Weave Communications by 64.0% in the 4th quarter. PDT Partners LLC now owns 25,588 shares of the company's stock valued at $407,000 after purchasing an additional 9,989 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Weave Communications in the fourth quarter valued at about $277,000. Finally, Northern Trust Corp boosted its holdings in Weave Communications by 0.8% during the fourth quarter. Northern Trust Corp now owns 364,003 shares of the company's stock worth $5,795,000 after buying an additional 2,744 shares in the last quarter. 86.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Weave Communications news, Director Blake G. Modersitzki sold 6,230 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $17.45, for a total transaction of $108,713.50. Following the sale, the director now directly owns 188,042 shares of the company's stock, valued at $3,281,332.90. The trade was a 3.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Branden Neish sold 25,510 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the transaction, the insider now directly owns 460,908 shares in the company, valued at $5,222,087.64. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 443,780 shares of company stock worth $5,685,893. Corporate insiders own 18.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on WEAV shares. Piper Sandler boosted their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday. Raymond James dropped 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, Stifel Nicolaus decreased 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 research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $16.10.

Weave Communications Stock Performance

Shares of WEAV stock traded down $0.03 during trading hours on Friday, reaching $10.44. The stock had a trading volume of 858,414 shares, compared to its average volume of 726,841. The firm has a market capitalization of $781.96 million, a PE ratio of -26.77 and a beta of 1.97. The firm has a 50-day simple moving average of $10.53 and a 200-day simple moving average of $13.48. Weave Communications, Inc. has a twelve month low of $8.18 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.

Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $54.72 million. As a group, equities analysts forecast 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.