Integrated Quantitative Investments LLC Acquires New Holdings 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, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,400 shares of the company’s stock, valued at approximately $325,000.

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

Analyst Ratings Changes

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

Insider Activity at Weave Communications

In other Weave Communications news, Director Blake G. Modersitzki sold 74,756 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the transaction, the director now owns 179,153 shares in the company, valued at $3,133,385.97. This represents a 29.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total value of $312,696.67. Following the sale, the chief operating officer now owns 248,502 shares in the company, valued at $2,815,527.66. This trade represents a 10.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 597,322 shares of company stock valued at $8,642,847 in the last ninety days. Insiders own 36.30% of the company’s stock.

Weave Communications Trading Down 5.7 %

NYSE:WEAV opened at $9.43 on Friday. Weave Communications, Inc. has a 1 year low of $8.10 and a 1 year high of $17.63. The stock has a market cap of $696.88 million, a P/E ratio of -24.18 and a beta of 1.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $14.03.

Weave Communications (NYSE:WEAV) last announced 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). 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, analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share 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.