Sequoia Financial Advisors LLC Buys Shares of 27,091 Weave Communications, Inc. (NYSE:WEAV)

Sequoia Financial Advisors LLC acquired a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,091 shares of the company's stock, valued at approximately $431,000.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Weave Communications by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company's stock valued at $5,569,000 after acquiring an additional 45,475 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Weave Communications by 429.2% in the third quarter. XTX Topco Ltd now owns 56,016 shares of the company's stock valued at $717,000 after buying an additional 45,430 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Weave Communications by 33.0% in the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company's stock valued at $1,900,000 after buying an additional 29,583 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 86.83% of the company's stock.

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Insider Buying and Selling

In related news, Director Blake G. Modersitzki sold 84,764 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $16.49, for a total transaction of $1,397,758.36. Following the completion of the transaction, the director now directly owns 201,975 shares of the company's stock, valued at $3,330,567.75. This represents a 29.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Branden Neish sold 25,510 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the transaction, the insider now directly owns 460,908 shares of the company's stock, valued at $5,222,087.64. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 682,086 shares of company stock valued at $10,040,605 over the last ninety days. Corporate insiders own 36.30% of the company's stock.

Weave Communications Stock Performance

Shares of NYSE:WEAV traded up $0.08 on Friday, reaching $11.72. The company's stock had a trading volume of 1,023,564 shares, compared to its average volume of 655,807. The stock's 50-day moving average is $14.60 and its two-hundred day moving average is $13.98. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $865.81 million, a P/E ratio of -30.04 and a beta of 1.96.

Weave Communications (NYSE:WEAV - Get Free Report) last posted 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). The firm had revenue of $54.17 million for 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%. As a group, sell-side analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed a "strong-buy" rating and issued a $20.00 target price (up from $17.00) on shares of Weave Communications in a 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.