AXQ Capital LP Invests $168,000 in Weave Communications, Inc. (NYSE:WEAV)

AXQ Capital LP bought a new stake in Weave Communications, Inc. (NYSE:WEAV) during the 4th quarter, according to the company in its most recent disclosure 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 added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Weave Communications during the 3rd quarter worth about $45,000. Amundi purchased a new position in Weave Communications in the fourth quarter valued at approximately $66,000. US Bancorp DE increased its stake 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. Los Angeles Capital Management LLC acquired a new stake in Weave Communications during the fourth quarter worth approximately $162,000. Finally, PDT Partners LLC purchased a new stake in shares of Weave Communications during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insider Transactions at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 5,485 shares of the company’s stock in a transaction on Friday, February 7th. The shares were 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 owns 188,441 shares in the company, valued at approximately $3,288,295.45. This represents a 2.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brett T. White sold 54,778 shares of Weave Communications 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 completion of the sale, the chief executive officer now directly owns 1,928,364 shares in the company, valued at approximately $30,583,853.04. The trade was a 2.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 597,322 shares of company stock worth $8,642,847. Company insiders own 36.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Weave Communications Trading Up 2.8 %

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. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63. The business’s 50 day moving average is $14.53 and its two-hundred day moving average is $14.03. The firm has a market cap of $888.43 million, a price-to-earnings ratio of -30.83 and a beta of 1.96.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) 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 analysts’ expectations of $53.23 million. On average, research analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current year.

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.