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

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,446 shares of the company's stock after acquiring an additional 55,144 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.55% of Weave Communications worth $6,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock worth $144,000 after purchasing an additional 703 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Weave Communications by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company's stock worth $2,383,000 after purchasing an additional 937 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Weave Communications by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 24,576 shares of the company's stock worth $391,000 after purchasing an additional 1,154 shares in the last quarter. Quarry LP bought a new stake in shares of Weave Communications in the 3rd quarter worth approximately $45,000. Finally, Amundi bought a new stake in shares of Weave Communications in the 4th quarter worth approximately $66,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Trading Up 1.6 %

Shares of WEAV stock traded up $0.18 during trading hours on Friday, reaching $11.17. 783,728 shares of the stock traded hands, compared to its average volume of 643,959. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The business has a fifty day moving average price of $15.03 and a 200 day moving average price of $14.01. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $812.71 million, a PE ratio of -28.64 and a beta of 1.96.

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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). The firm had revenue of $54.17 million for 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%. On average, equities research analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James reiterated 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.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 54,778 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,928,364 shares of the company's stock, valued at $30,583,853.04. The trade was a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Branden Neish sold 7,111 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.95, for a total transaction of $113,420.45. Following the completion of the sale, the insider now directly owns 512,122 shares of the company's stock, valued at $8,168,345.90. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 512,987 shares of company stock worth $8,501,339. 36.30% of the stock is currently owned by company 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.