Quantbot Technologies LP Purchases 49,227 Shares of Weave Communications, Inc. (NYSE:WEAV)

Quantbot Technologies LP lifted its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 196.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 74,306 shares of the company’s stock after acquiring an additional 49,227 shares during the period. Quantbot Technologies LP’s holdings in Weave Communications were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its holdings in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after purchasing an additional 703 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Weave Communications by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after buying an additional 937 shares during the period. Truvestments Capital LLC increased its stake in shares of Weave Communications by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 24,576 shares of the company’s stock valued at $391,000 after acquiring an additional 1,154 shares during the last quarter. Swiss National Bank raised its position in shares of Weave Communications by 2.9% in the 4th quarter. Swiss National Bank now owns 70,600 shares of the company’s stock valued at $1,124,000 after acquiring an additional 2,000 shares during the period. Finally, Quarry LP bought a new position in Weave Communications during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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 research note on Friday, February 21st.

Weave Communications Stock Down 0.4 %

NYSE:WEAV opened at $11.96 on Wednesday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.63. The stock has a 50-day moving average price of $14.46 and a two-hundred day moving average price of $14.04. The stock has a market cap of $883.84 million, a price-to-earnings ratio of -30.67 and a beta of 1.96. 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) last issued its quarterly earnings data 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). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The business had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.23 million. As a group, equities analysts expect that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In related news, insider Branden Neish sold 25,510 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the sale, the insider now directly owns 460,908 shares of the company’s stock, valued at approximately $5,222,087.64. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $17.45, for a total transaction of $95,713.25. Following the completion of the transaction, the director now directly owns 188,441 shares of the company’s stock, valued at approximately $3,288,295.45. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 597,322 shares of company stock worth $8,642,847 over the last quarter. 36.30% of the stock is currently owned by company insiders.

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.