Integrated Quantitative Investments LLC Takes $325,000 Position in Weave Communications, Inc. (NYSE:WEAV)

Integrated Quantitative Investments LLC bought a new position in shares of Weave Communications, Inc. (NYSE:WEAV) in the 4th quarter, Holdings Channel reports. The fund bought 20,400 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quarry LP acquired a new stake in Weave Communications during the 3rd quarter worth approximately $45,000. Amundi purchased a new stake in shares of Weave Communications during the fourth quarter worth approximately $66,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Weave Communications during the fourth quarter worth $131,000. US Bancorp DE grew its position in Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after buying an additional 703 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Weave Communications in the 4th quarter valued at $162,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the completion of the transaction, the chief executive officer now 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Alan Taylor sold 31,262 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $348,883.92. Following the completion of the sale, the chief financial officer now directly owns 247,484 shares in the company, valued at approximately $2,761,921.44. The trade was a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 597,322 shares of company stock worth $8,642,847. 36.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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 report on Friday, February 21st.

Weave Communications Stock Down 5.7 %

Weave Communications stock opened at $9.43 on Friday. The stock’s 50 day moving average price is $13.66 and its 200 day moving average price is $14.03. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The company has a market cap of $696.88 million, a PE ratio of -24.18 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

Weave Communications (NYSE:WEAV) last posted 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). The company had revenue of $54.17 million for 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%. On average, sell-side analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal 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.