Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG grew its holdings in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 164.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,147 shares of the company's stock after acquiring an additional 37,411 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.08% of Weave Communications worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WEAV. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Weave Communications by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,903 shares of the company's stock valued at $174,000 after purchasing an additional 597 shares in the last quarter. US Bancorp DE raised its holdings in shares of Weave Communications by 8.4% during the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock worth $144,000 after purchasing an additional 703 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Weave Communications by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company's stock worth $2,383,000 after buying an additional 937 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Weave Communications by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 24,576 shares of the company's stock valued at $391,000 after buying an additional 1,154 shares during the period. Finally, Swiss National Bank grew its position in shares of Weave Communications by 2.9% during the 4th quarter. Swiss National Bank now owns 70,600 shares of the company's stock valued at $1,124,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.

Insider Buying and Selling at Weave Communications

In other news, Director Blake G. Modersitzki sold 74,756 shares of Weave Communications stock in a transaction on 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 directly owns 179,153 shares in the company, valued at approximately $3,133,385.97. This trade represents a 29.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alan Taylor sold 31,262 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total value of $348,883.92. Following the completion of the sale, the chief financial officer now directly owns 247,484 shares in the company, valued at $2,761,921.44. This represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 597,322 shares of company stock valued at $8,642,847. Company insiders own 36.30% of the company's stock.

Weave Communications Stock Performance

Shares of NYSE WEAV traded up $0.32 during midday trading on Tuesday, hitting $9.59. 402,281 shares of the company's stock were exchanged, compared to its average volume of 985,882. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The firm has a market cap of $709.00 million, a P/E ratio of -24.59 and a beta of 1.97. The stock's 50 day moving average price is $13.53 and its 200-day moving average price is $14.03. 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 quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 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 $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James restated a "strong-buy" rating and issued a $20.00 target price (up from $17.00) on shares of Weave Communications in a research note on Friday, February 21st.

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.