CenterBook Partners LP Has $610,000 Stake in Weave Communications, Inc. (NYSE:WEAV)

CenterBook Partners LP lowered its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 83.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,289 shares of the company's stock after selling 189,181 shares during the quarter. CenterBook Partners LP owned 0.05% of Weave Communications worth $610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Weave Communications by 161.9% during the third quarter. FMR LLC now owns 97,991 shares of the company's stock worth $1,254,000 after purchasing an additional 60,574 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weave Communications by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after acquiring an additional 45,475 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Weave Communications by 33.0% in the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock worth $1,900,000 after buying an additional 29,583 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Weave Communications by 37.7% in the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company's stock worth $11,180,000 after purchasing an additional 239,202 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Weave Communications by 13.8% during the third quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company's stock worth $1,852,000 after buying an additional 17,530 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.

Insiders Place Their Bets

In other Weave Communications news, Director Blake G. Modersitzki sold 40,907 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $16.47, for a total transaction of $673,738.29. Following the sale, the director now directly owns 199,261 shares of the company's stock, valued at approximately $3,281,828.67. This represents a 17.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total value of $348,883.92. Following the transaction, the chief financial officer now owns 247,484 shares of the company's stock, valued at $2,761,921.44. The trade was a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 596,528 shares of company stock worth $8,630,675 over the last ninety days. 36.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Raymond James reaffirmed a "strong-buy" rating and set a $20.00 price objective (up previously from $17.00) on shares of Weave Communications in a research report on Friday, February 21st.

Weave Communications Price Performance

Shares of NYSE:WEAV traded down $0.09 during midday trading on Thursday, reaching $9.30. The company's stock had a trading volume of 136,477 shares, compared to its average volume of 715,872. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The business's fifty day simple moving average is $12.26 and its 200-day simple moving average is $13.84. The company has a market capitalization of $686.90 million, a P/E ratio of -23.83 and a beta of 1.97. 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 data on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. As a group, equities research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

About Weave Communications

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.