Connor Clark & Lunn Investment Management Ltd. Acquires 55,144 Shares of Weave Communications, Inc. (NYSE:WEAV)

Connor Clark & Lunn Investment Management Ltd. raised its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,446 shares of the company's stock after purchasing an additional 55,144 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.55% of Weave Communications worth $6,407,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WEAV. Wasatch Advisors LP grew its position in shares of Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company's stock valued at $48,139,000 after purchasing an additional 1,091,028 shares during the last quarter. Pathway Capital Management LP lifted its holdings in shares of Weave Communications by 136.3% during the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock worth $21,482,000 after buying an additional 778,413 shares during the last quarter. State Street Corp grew its stake in shares of Weave Communications by 19.5% in the third quarter. State Street Corp now owns 950,683 shares of the company's stock worth $12,169,000 after acquiring an additional 155,054 shares during the last quarter. Raymond James Financial Inc. bought a new position in Weave Communications during the fourth quarter worth $14,984,000. Finally, Geode Capital Management LLC raised its stake in Weave Communications by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company's stock valued at $11,308,000 after purchasing an additional 101,580 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.

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Weave Communications Price Performance

Shares of WEAV traded up $0.20 during mid-day trading on Monday, reaching $11.40. The company had a trading volume of 377,108 shares, compared to its average volume of 642,943. 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 company has a market capitalization of $829.23 million, a P/E ratio of -29.22 and a beta of 1.96. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The company's 50-day moving average is $15.03 and its 200-day moving average is $14.01.

Weave Communications (NYSE:WEAV - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. On average, equities analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other Weave Communications news, CEO Brett T. White sold 54,778 shares of the business'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 $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. The trade was a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Alan Taylor sold 4,182 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $16.03, for a total transaction of $67,037.46. Following the completion of the transaction, the chief financial officer now owns 283,516 shares of the company's stock, valued at $4,544,761.48. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 452,581 shares of company stock valued at $7,539,794. 36.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.