Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 324,158 shares of the company's stock after acquiring an additional 54,623 shares during the quarter. Federated Hermes Inc. owned 0.45% of Weave Communications worth $5,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Weave Communications by 23.5% during the fourth quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company's stock worth $72,220,000 after purchasing an additional 863,547 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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. Pathway Capital Management LP grew its position in Weave Communications by 136.3% during the 4th quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company's stock worth $21,482,000 after acquiring an additional 778,413 shares during the last quarter. State Street Corp boosted its stake in shares of Weave Communications by 19.5% in the 3rd quarter. State Street Corp now owns 950,683 shares of the company's stock valued at $12,169,000 after purchasing an additional 155,054 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Weave Communications during the 4th quarter valued at $14,984,000. 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 issued a $20.00 target price (up previously from $17.00) on shares of Weave Communications in a research report on Friday, February 21st.

Insider Activity at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 109,722 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.26, for a total transaction of $1,235,469.72. Following the completion of the transaction, the chief executive officer now owns 1,790,435 shares in the company, valued at $20,160,298.10. This trade represents a 5.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Blake G. Modersitzki sold 74,756 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the sale, the director now directly owns 179,153 shares of the company's stock, valued at $3,133,385.97. The trade was a 29.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 596,528 shares of company stock worth $8,630,675. 36.30% of the stock is owned by insiders.

Weave Communications Price Performance

NYSE WEAV traded down $0.12 on Thursday, hitting $9.26. The stock had a trading volume of 93,371 shares, compared to its average volume of 715,739. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a 50-day moving average of $12.26 and a 200-day moving average of $13.84. The company has a market capitalization of $684.31 million, a price-to-earnings ratio of -23.90 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 announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Equities analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

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.