Weave Communications, Inc. (NYSE:WEAV) Holdings Raised by Jump Financial LLC

Jump Financial LLC grew its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 148.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,890 shares of the company's stock after buying an additional 80,537 shares during the period. Jump Financial LLC owned 0.19% of Weave Communications worth $2,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi purchased a new stake in Weave Communications in the 4th quarter worth approximately $66,000. Summit Investment Advisors Inc. increased its stake in Weave Communications by 28.9% in the fourth 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 purchased a new position in Weave Communications during the fourth quarter worth about $131,000. US Bancorp DE boosted its stake in Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock worth $144,000 after buying an additional 703 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Weave Communications in the 4th quarter valued at about $159,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James restated a "strong-buy" rating and set a $20.00 price objective (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st. Piper Sandler cut their price objective on Weave Communications from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday.

Weave Communications Stock Up 3.9 %

NYSE WEAV traded up $0.35 during trading hours on Wednesday, hitting $9.41. The company had a trading volume of 509,481 shares, compared to its average volume of 722,367. The firm's 50 day moving average is $11.61 and its 200 day moving average is $13.75. 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, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The company has a market capitalization of $704.81 million, a price-to-earnings ratio of -24.13 and a beta of 1.97.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its 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). The company 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%. Sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Weave Communications

In related news, COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $312,696.67. Following the completion of the sale, the chief operating officer now owns 248,502 shares in the company, valued at approximately $2,815,527.66. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake G. Modersitzki sold 74,756 shares of the stock in a transaction on 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 transaction, the director now owns 179,153 shares in the company, valued at $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. Over the last three months, insiders have sold 596,528 shares of company stock valued at $8,630,675. Corporate insiders own 36.30% of the company's stock.

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.