Next Century Growth Investors LLC Takes $5.71 Million Position in Weave Communications, Inc. (NYSE:WEAV)

Next Century Growth Investors LLC purchased a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 358,931 shares of the company's stock, valued at approximately $5,714,000. Next Century Growth Investors LLC owned approximately 0.49% of Weave Communications at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Amundi acquired a new position in shares of Weave Communications during the fourth quarter worth $66,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Weave Communications during the fourth quarter valued at about $131,000. US Bancorp DE grew 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 last quarter. Cerity Partners LLC bought a new position in Weave Communications in the 4th quarter valued at approximately $159,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Weave Communications during the 4th quarter worth approximately $162,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Trading Down 0.6 %

NYSE:WEAV traded down $0.06 on Thursday, reaching $9.32. 193,349 shares of the stock traded hands, compared to its average volume of 716,106. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The company's 50 day moving average is $12.26 and its 200-day moving average is $13.84. The firm has a market capitalization of $688.75 million, a price-to-earnings ratio of -23.92 and a beta of 1.97.

Weave Communications (NYSE:WEAV - Get Free Report) last released its 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). 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 analyst estimates of $53.23 million. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Weave Communications news, insider Branden Neish sold 20,741 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $328,952.26. Following the transaction, the insider now owns 491,381 shares in the company, valued at approximately $7,793,302.66. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett T. White sold 54,778 shares of the company'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 value of $868,779.08. Following the transaction, the chief executive officer now directly owns 1,928,364 shares in the company, valued at $30,583,853.04. The trade was a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 596,528 shares of company stock worth $8,630,675. 36.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.