Trexquant Investment LP Purchases 247,670 Shares of Weave Communications, Inc. (NYSE:WEAV)

Trexquant Investment LP raised its stake in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 168.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 394,988 shares of the company's stock after buying an additional 247,670 shares during the quarter. Trexquant Investment LP owned about 0.54% of Weave Communications worth $6,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in Weave Communications by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 894,331 shares of the company's stock worth $14,242,000 after purchasing an additional 11,124 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of Weave Communications by 164.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 60,147 shares of the company's stock worth $958,000 after buying an additional 37,411 shares during the period. Alliancebernstein L.P. boosted its holdings in Weave Communications by 12.5% in the fourth quarter. Alliancebernstein L.P. now owns 46,802 shares of the company's stock valued at $745,000 after acquiring an additional 5,182 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Weave Communications by 202.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company's stock valued at $26,280,000 after acquiring an additional 1,105,728 shares during the period. Finally, Norges Bank acquired a new stake in Weave Communications during the fourth quarter worth about $5,219,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Weave Communications Price Performance

WEAV traded down $0.79 on Thursday, reaching $9.69. The company had a trading volume of 185,196 shares, compared to its average volume of 708,512. The company has a fifty day moving average of $13.00 and a 200-day moving average of $13.94. The company has a market capitalization of $716.09 million, a P/E ratio of -24.82 and a beta of 1.97. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. 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 released its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $53.23 million. As a group, equities research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Transactions at Weave Communications

In related news, CEO Brett T. White sold 54,778 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $15.86, for a total transaction of $868,779.08. Following the sale, the chief executive officer now directly owns 1,928,364 shares in the company, valued at $30,583,853.04. This trade represents a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Branden Neish sold 20,741 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $328,952.26. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 597,322 shares of company stock worth $8,642,847 in the last 90 days. 36.30% of the stock is owned by 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.