Knights of Columbus Asset Advisors LLC Takes Position in Weave Communications, Inc. (NYSE:WEAV)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,907 shares of the company's stock, valued at approximately $1,049,000. Knights of Columbus Asset Advisors LLC owned approximately 0.09% of Weave Communications as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Wasatch Advisors LP raised its position in Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company's stock valued at $48,139,000 after purchasing an additional 1,091,028 shares during the last quarter. Pathway Capital Management LP increased its stake in shares of Weave Communications by 136.3% in the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock valued at $21,482,000 after buying an additional 778,413 shares during the period. State Street Corp raised its holdings in Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company's stock valued at $12,169,000 after buying an additional 155,054 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Weave Communications during the 4th quarter worth approximately $14,984,000. Finally, Geode Capital Management LLC grew its holdings in Weave Communications by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company's stock worth $11,308,000 after acquiring an additional 101,580 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Weave Communications Trading Down 1.7 %

Shares of Weave Communications stock traded down $0.20 during midday trading on Thursday, reaching $11.44. The company had a trading volume of 342,853 shares, compared to its average volume of 655,801. The firm has a market cap of $845.05 million, a PE ratio of -29.32 and a beta of 1.96. The stock has a fifty day moving average price of $14.29 and a 200 day moving average price of $14.00. 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.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. On average, equities analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In other Weave Communications 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 directly owns 248,502 shares of the company's stock, valued at approximately $2,815,527.66. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett T. White sold 54,778 shares of the firm's 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 completion of the sale, the chief executive officer now owns 1,928,364 shares of the company's stock, valued at approximately $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 597,322 shares of company stock valued at $8,642,847 in the last ninety 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.