EntryPoint Capital LLC Purchases 14,693 Shares of Weave Communications, Inc. (NYSE:WEAV)

EntryPoint Capital LLC increased its holdings in Weave Communications, Inc. (NYSE:WEAV) by 114.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,514 shares of the company’s stock after purchasing an additional 14,693 shares during the period. EntryPoint Capital LLC’s holdings in Weave Communications were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock worth $72,220,000 after buying an additional 863,547 shares in the last quarter. Wasatch Advisors LP grew its position in Weave Communications by 40.9% in the third quarter. Wasatch Advisors LP now owns 3,760,837 shares of the company’s stock worth $48,139,000 after acquiring an additional 1,091,028 shares in the last quarter. Pathway Capital Management LP increased its stake in Weave Communications by 136.3% during the fourth quarter. Pathway Capital Management LP now owns 1,349,365 shares of the company’s stock worth $21,482,000 after acquiring an additional 778,413 shares during the last quarter. State Street Corp raised its position in Weave Communications by 19.5% during the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Weave Communications in the 4th quarter valued at approximately $14,984,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insider Activity

In other Weave Communications news, COO Marcus Bertilson sold 27,599 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $312,696.67. Following the transaction, the chief operating officer now directly owns 248,502 shares in the company, valued at $2,815,527.66. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brett T. White sold 54,778 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $868,779.08. Following the completion of the sale, the chief executive officer now owns 1,928,364 shares of the company’s stock, valued at $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 597,322 shares of company stock valued at $8,642,847. 36.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Weave Communications Stock Down 0.4 %

Shares of 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 firm has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $14.04. The company has a market cap of $883.84 million, a P/E ratio of -30.67 and a beta of 1.96. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The business had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Research analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share 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.