Quantbot Technologies LP Has $1.18 Million Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Quantbot Technologies LP boosted its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 196.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 74,306 shares of the company's stock after buying an additional 49,227 shares during the period. Quantbot Technologies LP owned approximately 0.10% of Weave Communications worth $1,183,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Weave Communications by 161.9% in the third quarter. FMR LLC now owns 97,991 shares of the company's stock valued at $1,254,000 after acquiring an additional 60,574 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Weave Communications by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after purchasing an additional 45,475 shares during the period. XTX Topco Ltd grew its position in shares of Weave Communications by 429.2% during the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company's stock worth $717,000 after purchasing an additional 45,430 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Weave Communications by 33.0% during the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock worth $1,900,000 after purchasing an additional 29,583 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Weave Communications by 37.7% in the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company's stock valued at $11,180,000 after buying an additional 239,202 shares in the last quarter. 86.83% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, insider Branden Neish sold 20,741 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $328,952.26. Following the sale, the insider now owns 491,381 shares of the company's stock, valued at $7,793,302.66. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Blake G. Modersitzki sold 5,485 shares of Weave Communications stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $17.45, for a total value of $95,713.25. Following the transaction, the director now directly owns 188,441 shares in the company, valued at $3,288,295.45. The trade was a 2.83 % 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 worth $8,642,847 in the last 90 days. Insiders own 36.30% of the company's stock.

Weave Communications Price Performance

Shares of NYSE:WEAV traded down $0.45 during midday trading on Friday, hitting $11.01. The stock had a trading volume of 814,373 shares, compared to its average volume of 684,514. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $813.93 million, a P/E ratio of -28.24 and a beta of 1.96. The company's 50-day moving average price is $14.20 and its 200-day moving average price is $14.03. 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 released 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). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. As a group, equities research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.