Osterweis Capital Management Inc. Makes New $10.27 Million Investment in Weave Communications, Inc. (NYSE:WEAV)

Osterweis Capital Management Inc. bought a new position in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 645,240 shares of the company's stock, valued at approximately $10,272,000. Osterweis Capital Management Inc. owned approximately 0.89% of Weave Communications as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP lifted its position in shares of Weave Communications by 214.1% in the fourth quarter. Marshall Wace LLP now owns 92,482 shares of the company's stock worth $1,472,000 after buying an additional 63,040 shares during the last quarter. Zacks Investment Management lifted its holdings in Weave Communications by 2.4% in the 4th quarter. Zacks Investment Management now owns 153,603 shares of the company's stock worth $2,445,000 after purchasing an additional 3,613 shares during the last quarter. Wasatch Advisors LP boosted its position in Weave Communications by 38.4% during the fourth quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company's stock worth $82,874,000 after purchasing an additional 1,444,828 shares during the period. Gamco Investors INC. ET AL bought a new stake in Weave Communications during the 4th quarter valued at approximately $608,000. Finally, Jump Financial LLC grew its holdings in Weave Communications by 148.2% in the 4th quarter. Jump Financial LLC now owns 134,890 shares of the company's stock valued at $2,147,000 after buying an additional 80,537 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Weave Communications Price Performance

NYSE WEAV traded up $0.20 on Tuesday, reaching $9.11. The company's stock had a trading volume of 110,093 shares, compared to its average volume of 719,339. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $11.78 and a 200 day moving average price of $13.78. The firm has a market cap of $681.96 million, a PE ratio of -23.36 and a beta of 1.97. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last announced 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). 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 for the quarter, compared to the consensus estimate of $53.23 million. Sell-side analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Blake G. Modersitzki sold 5,485 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $17.45, for a total transaction of $95,713.25. Following the completion of the sale, the director now owns 188,441 shares of the company's stock, valued at $3,288,295.45. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Branden Neish sold 20,741 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $7,793,302.66. This trade represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 596,528 shares of company stock worth $8,630,675 over the last three months. 36.30% of the stock is currently owned by company insiders.

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.