10,576 Shares in Weave Communications, Inc. (NYSE:WEAV) Bought by AXQ Capital LP

AXQ Capital LP bought a new stake in Weave Communications, Inc. (NYSE:WEAV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,576 shares of the company’s stock, valued at approximately $168,000.

Other institutional investors also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Weave Communications during the 3rd quarter worth approximately $291,000. Charles Schwab Investment Management Inc. boosted its position in Weave Communications by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after purchasing an additional 45,475 shares in the last quarter. Algert Global LLC grew its holdings in Weave Communications by 36.2% in the third quarter. Algert Global LLC now owns 247,558 shares of the company’s stock valued at $3,169,000 after purchasing an additional 65,790 shares during the last quarter. Truvestments Capital LLC increased its position in shares of Weave Communications by 11.4% in the third quarter. Truvestments Capital LLC now owns 23,422 shares of the company’s stock valued at $300,000 after buying an additional 2,405 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Weave Communications by 637.6% during the 3rd quarter. Quantbot Technologies LP now owns 25,079 shares of the company’s stock worth $321,000 after buying an additional 21,679 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Weave Communications Stock Performance

NYSE WEAV opened at $12.02 on Tuesday. 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 stock has a market cap of $888.43 million, a price-to-earnings ratio of -30.83 and a beta of 1.96. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The business has a fifty day moving average of $14.53 and a 200-day moving average of $14.03.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $53.23 million. As a group, analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James restated a “strong-buy” rating and set a $20.00 target price (up from $17.00) on shares of Weave Communications in a report on Friday, February 21st.

Insider Activity at Weave Communications

In related news, CEO Brett T. White sold 54,778 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the transaction, the chief executive officer now directly owns 1,928,364 shares in the company, valued at approximately $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total value of $348,883.92. Following the completion of the sale, the chief financial officer now owns 247,484 shares of the company’s stock, valued at $2,761,921.44. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 597,322 shares of company stock valued at $8,642,847. Company insiders own 36.30% of the company’s stock.

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.