Wasatch Advisors LP Buys 1,444,828 Shares of Weave Communications, Inc. (NYSE:WEAV)

Wasatch Advisors LP boosted its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,205,665 shares of the company's stock after purchasing an additional 1,444,828 shares during the quarter. Wasatch Advisors LP owned about 7.15% of Weave Communications worth $82,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi acquired a new stake in Weave Communications during the fourth quarter worth about $66,000. Summit Investment Advisors Inc. boosted its holdings in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company's stock worth $66,000 after acquiring an additional 928 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Weave Communications in the fourth quarter valued at $131,000. US Bancorp DE raised its holdings in shares of Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after buying an additional 703 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in Weave Communications in the 4th quarter valued at about $159,000. Institutional investors own 86.83% of the company's stock.

Insider Activity at Weave Communications

In other news, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction dated Monday, January 27th. The stock was 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Branden Neish sold 25,510 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 596,528 shares of company stock worth $8,630,675. Corporate insiders own 36.30% of the company's stock.

Weave Communications Stock Down 4.4 %

NYSE:WEAV traded down $0.41 on Monday, hitting $8.90. 96,408 shares of the company's stock were exchanged, compared to its average volume of 720,210. 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 firm has a 50-day moving average price of $11.94 and a 200-day moving average price of $13.81. The company has a market cap of $666.61 million, a P/E ratio of -22.82 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 released its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.12). The company had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. As a group, analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.