Vanguard Group Inc. Purchases 863,547 Shares of Weave Communications, Inc. (NYSE:WEAV)

Vanguard Group Inc. boosted its position in Weave Communications, Inc. (NYSE:WEAV - Free Report) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,536,462 shares of the company's stock after buying an additional 863,547 shares during the period. Vanguard Group Inc. owned approximately 6.23% of Weave Communications worth $72,220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Amundi bought a new stake in shares of Weave Communications during the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS acquired a new stake in Weave Communications in the 4th quarter valued at $131,000. US Bancorp DE increased its stake in Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company's stock valued at $144,000 after purchasing an additional 703 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Weave Communications during the fourth quarter worth $162,000. Finally, AXQ Capital LP bought a new position in shares of Weave Communications in the fourth quarter valued at $168,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Weave Communications Stock Down 0.7 %

NYSE:WEAV traded down $0.07 during trading hours on Wednesday, hitting $9.57. 35,731 shares of the company traded hands, compared to its average volume of 714,049. 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 company has a market cap of $707.30 million, a PE ratio of -24.53 and a beta of 1.97. The firm's 50-day simple moving average is $12.42 and its 200-day simple moving average is $13.87. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63.

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 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 the consensus estimate of $53.23 million. Equities analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Activity at Weave Communications

In other Weave Communications news, CEO Brett T. White sold 54,778 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $289,028.30. Following the sale, the insider now owns 460,908 shares in the company, valued at $5,222,087.64. The trade was a 5.24 % 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 company insiders.

Wall Street Analysts Forecast Growth

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