Teacher Retirement System of Texas Makes New Investment in Weave Communications, Inc. (NYSE:WEAV)

Teacher Retirement System of Texas purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 39,606 shares of the company's stock, valued at approximately $631,000. Teacher Retirement System of Texas owned 0.05% of Weave Communications at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 45,475 shares during the period. Quantbot Technologies LP raised its stake in shares of Weave Communications by 637.6% during the 3rd quarter. Quantbot Technologies LP now owns 25,079 shares of the company's stock worth $321,000 after buying an additional 21,679 shares in the last quarter. FMR LLC lifted its holdings in shares of Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company's stock valued at $1,254,000 after buying an additional 60,574 shares during the period. Verition Fund Management LLC boosted its stake in shares of Weave Communications by 71.9% in the third quarter. Verition Fund Management LLC now owns 27,600 shares of the company's stock valued at $353,000 after buying an additional 11,546 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in Weave Communications during the third quarter worth $200,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Weave Communications Price Performance

Shares of NYSE:WEAV traded up $0.08 during trading on Tuesday, hitting $11.17. 466,201 shares of the stock were exchanged, compared to its average volume of 685,673. The company has a market cap of $825.09 million, a PE ratio of -28.63 and a beta of 1.96. 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 company has a fifty day moving average price of $14.10 and a two-hundred day moving average price of $14.06. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $54.17 million for the quarter, compared to analysts' expectations of $53.23 million. On average, analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 74,756 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the sale, the director now owns 179,153 shares in the company, valued at approximately $3,133,385.97. This represents a 29.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brett T. White sold 54,778 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,928,364 shares of the company's stock, valued at approximately $30,583,853.04. This trade represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 597,322 shares of company stock worth $8,642,847. 36.30% of the stock is owned by corporate insiders.

Weave Communications Company 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.