Weave Communications, Inc. (NYSE:WEAV) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 106.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 336,064 shares of the company's stock after buying an additional 173,177 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.46% of Weave Communications worth $5,350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WEAV. Principal Financial Group Inc. boosted its holdings in Weave Communications by 33.0% in the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock valued at $1,900,000 after purchasing an additional 29,583 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Weave Communications by 13.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company's stock valued at $1,852,000 after buying an additional 17,530 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Weave Communications by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,330 shares of the company's stock valued at $7,392,000 after buying an additional 29,231 shares during the period. Geode Capital Management LLC increased its stake in shares of Weave Communications by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 894,331 shares of the company's stock worth $14,242,000 after buying an additional 11,124 shares during the period. Finally, Amundi acquired a new stake in Weave Communications in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 86.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WEAV shares. Piper Sandler upped their price target on Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus reduced their price target on shares of Weave Communications from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James decreased their price target on shares of 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $16.10.

Weave Communications Price Performance

Shares of NYSE WEAV traded up $0.55 on Monday, hitting $10.98. The company's stock had a trading volume of 794,989 shares, compared to its average volume of 727,925. The stock has a 50 day moving average of $10.53 and a 200-day moving average of $13.49. The company has a market capitalization of $822.40 million, a price-to-earnings ratio of -28.15 and a beta of 1.97. Weave Communications, Inc. has a 12-month low of $8.18 and a 12-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 released its quarterly earnings results on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). The company had revenue of $55.81 million during 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%. As a group, research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Buying and Selling at Weave Communications

In related news, CEO Brett T. White sold 54,051 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $552,941.73. Following the sale, the chief executive officer now directly owns 2,086,384 shares in the company, valued at approximately $21,343,708.32. This trade represents a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Blake G. Modersitzki sold 74,756 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the completion of the sale, the director now directly owns 179,153 shares of the company's stock, valued at $3,133,385.97. This trade represents a 29.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 437,550 shares of company stock worth $5,577,180. Corporate insiders own 18.40% of the company's stock.

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.