Weave Communications, Inc. (NYSE:WEAV) Holdings Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 106.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,064 shares of the company's stock after buying an additional 173,177 shares during the period. Cubist Systematic Strategies LLC owned 0.46% of Weave Communications worth $5,350,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WEAV. Aquatic Capital Management LLC acquired a new stake in Weave Communications in the fourth quarter worth $34,000. Amundi bought a new stake in Weave Communications in the 4th quarter valued at about $66,000. Summit Investment Advisors Inc. lifted its position in Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock valued at $66,000 after purchasing an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Weave Communications in the 4th quarter valued at about $131,000. Finally, US Bancorp DE lifted its position in Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Stock Performance

Shares of NYSE:WEAV traded down $0.04 on Wednesday, hitting $10.98. The company's stock had a trading volume of 192,501 shares, compared to its average volume of 914,955. Weave Communications, Inc. has a 12 month low of $8.18 and a 12 month high of $17.63. The company has a market capitalization of $822.40 million, a price-to-earnings ratio of -28.15 and a beta of 1.97. The stock's 50-day moving average is $10.49 and its two-hundred day moving average is $13.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current 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 (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $55.81 million during the quarter, compared to the consensus estimate of $54.72 million. On average, equities research analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Transactions at Weave Communications

In related news, CEO Brett T. White sold 54,051 shares of the business's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Alan Taylor sold 31,262 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total transaction of $348,883.92. Following the completion of the sale, the chief financial officer now owns 247,484 shares in the company, valued at $2,761,921.44. The trade was a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 437,550 shares of company stock valued at $5,577,180. 18.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WEAV has been the topic of several recent research reports. Stifel Nicolaus cut their price objective 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. Raymond James cut their price objective on shares of Weave Communications from $20.00 to $17.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler lifted their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Weave Communications presently has an average rating of "Buy" and an average target price of $16.10.

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.