Charles Schwab Investment Management Inc. Has $7.39 Million Holdings in Weave Communications, Inc. (NYSE:WEAV)

Charles Schwab Investment Management Inc. grew its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 464,330 shares of the company's stock after purchasing an additional 29,231 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of Weave Communications worth $7,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new position in Weave Communications in the 3rd quarter worth approximately $45,000. US Bancorp DE increased its position in 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 acquiring an additional 703 shares during the period. Los Angeles Capital Management LLC acquired a new position in Weave Communications during the 4th quarter valued at $162,000. Silverleafe Capital Partners LLC bought a new stake in Weave Communications in the 4th quarter valued at $206,000. Finally, International Assets Investment Management LLC acquired a new stake in Weave Communications in the 4th quarter worth $228,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Stock Performance

Weave Communications stock traded down $0.20 on Thursday, hitting $11.44. The company's stock had a trading volume of 342,853 shares, compared to its average volume of 1,001,882. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The firm has a market cap of $845.05 million, a P/E ratio of -29.32 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. The company has a fifty day moving average price of $14.38 and a 200-day moving average price of $14.02.

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Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 28.37% and a negative net margin of 13.87%. On average, equities analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Weave Communications news, Director Blake G. Modersitzki sold 74,756 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 179,153 shares of the company's stock, valued at approximately $3,133,385.97. This represents a 29.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brett T. White sold 54,778 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the sale, the chief executive officer now directly owns 1,928,364 shares of the company's stock, valued at approximately $30,583,853.04. The trade was a 2.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 597,322 shares of company stock worth $8,642,847 in the last 90 days. 36.30% of the stock is owned by company insiders.

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.