Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. grew its position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 26.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 770,150 shares of the company's stock after acquiring an additional 160,750 shares during the quarter. Oberweis Asset Management Inc. owned about 1.06% of Weave Communications worth $12,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Weave Communications by 33.0% during the 4th quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock valued at $1,900,000 after purchasing an additional 29,583 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Weave Communications by 37.7% during the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company's stock worth $11,180,000 after buying an additional 239,202 shares during the period. JPMorgan Chase & Co. increased its position in Weave Communications by 13.8% during the third quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company's stock valued at $1,852,000 after acquiring an additional 17,530 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Weave Communications by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,330 shares of the company's stock valued at $7,392,000 after acquiring an additional 29,231 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Weave Communications by 13.0% in 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 owned by hedge funds and other institutional investors.

Insider Activity

In other Weave Communications news, Director Blake G. Modersitzki sold 40,907 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $16.47, for a total value of $673,738.29. Following the completion of the transaction, the director now directly owns 199,261 shares in the company, valued at approximately $3,281,828.67. The trade was a 17.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Marcus Bertilson sold 27,599 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total transaction of $312,696.67. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 519,509 shares of company stock worth $7,408,268. 18.40% of the stock is currently owned by corporate insiders.

Weave Communications Trading Down 0.7 %

Shares of NYSE WEAV traded down $0.07 during trading hours on Monday, reaching $10.36. The stock had a trading volume of 557,587 shares, compared to its average volume of 728,258. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.63. The firm has a market cap of $775.96 million, a price-to-earnings ratio of -26.56 and a beta of 1.97. The business's fifty day moving average price is $11.17 and its two-hundred day moving average price is $13.69. 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 (NYSE:WEAV - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on WEAV shares. Raymond James reiterated a "strong-buy" rating and set a $20.00 price target (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st. Stifel Nicolaus reduced their price target on Weave Communications from $20.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Piper Sandler dropped their price objective on Weave Communications from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $16.50.

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.