Y Intercept Hong Kong Ltd Takes Position in Weave Communications, Inc. (NYSE:WEAV)

Y Intercept Hong Kong Ltd bought a new stake in Weave Communications, Inc. (NYSE:WEAV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,428 shares of the company's stock, valued at approximately $437,000.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of Weave Communications by 66.8% during the third quarter. Raymond James & Associates now owns 233,534 shares of the company's stock worth $2,989,000 after buying an additional 93,519 shares in the last quarter. US Bancorp DE acquired a new position in Weave Communications in the 3rd quarter worth about $107,000. Harbor Capital Advisors Inc. bought a new position in Weave Communications in the third quarter valued at about $1,904,000. Principal Financial Group Inc. boosted its stake in shares of Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company's stock valued at $1,149,000 after purchasing an additional 52,210 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Weave Communications during the third quarter worth about $460,000. Institutional investors and hedge funds own 86.83% of the company's stock.

Analysts Set New Price Targets

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

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Insider Activity

In related news, Director Blake G. Modersitzki sold 242,820 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $14.38, for a total transaction of $3,491,751.60. Following the sale, the director now owns 244,616 shares in the company, valued at $3,517,578.08. This represents a 49.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Branden Neish sold 20,741 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $328,952.26. Following the sale, the insider now directly owns 491,381 shares of the company's stock, valued at $7,793,302.66. This represents a 4.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,042,208 shares of company stock valued at $16,380,789. 36.30% of the stock is currently owned by insiders.

Weave Communications Trading Down 3.6 %

NYSE:WEAV traded down $0.45 during trading hours on Thursday, hitting $11.93. 262,401 shares of the company were exchanged, compared to its average volume of 1,025,424. The company has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $13.98. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. The stock has a market capitalization of $868.45 million, a price-to-earnings ratio of -30.60 and a beta of 1.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 28.37% and a negative net margin of 13.87%. Sell-side analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Weave Communications 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.