AlphaQuest LLC bought a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,026 shares of the company's stock, valued at approximately $414,000.
Several other large investors have also recently bought and sold shares of WEAV. Amundi purchased a new stake in Weave Communications during the 4th quarter worth about $66,000. Destination Wealth Management acquired a new position in Weave Communications in the fourth quarter valued at approximately $414,000. Raymond James Financial Inc. purchased a new position in Weave Communications in the fourth quarter valued at approximately $14,984,000. Aigen Investment Management LP increased its stake in Weave Communications by 59.2% in the fourth quarter. Aigen Investment Management LP now owns 24,783 shares of the company's stock valued at $395,000 after purchasing an additional 9,220 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Weave Communications by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,330 shares of the company's stock worth $7,392,000 after purchasing an additional 29,231 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.
Weave Communications Stock Down 4.2 %
Shares of NYSE WEAV opened at $10.96 on Friday. The business has a 50-day moving average price of $15.22 and a 200 day moving average price of $13.99. The stock has a market cap of $797.21 million, a PE ratio of -28.09 and a beta of 1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.63.
Weave Communications (NYSE:WEAV - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). The business had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. Equities research analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $868,779.08. Following the sale, the chief executive officer now owns 1,928,364 shares of the company's stock, valued at $30,583,853.04. The trade was a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blake G. Modersitzki sold 74,756 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the transaction, the director now owns 179,153 shares in the company, valued at approximately $3,133,385.97. This trade represents a 29.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 512,987 shares of company stock valued at $8,501,339 over the last quarter. 36.30% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Raymond James restated a "strong-buy" rating and issued a $20.00 target price (up previously from $17.00) on shares of Weave Communications in a report on Friday, February 21st.
Read Our Latest Analysis on WEAV
Weave Communications Profile
(
Free Report)
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.
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