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Barclays PLC lessened its position in shares of Weave Communications, Inc. (NYSE:WEAV – Free Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,674 shares of the company’s stock after selling 21,829 shares during the period. Barclays PLC owned about 0.28% of Weave Communications worth $3,211,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of WEAV. Geode Capital Management LLC lifted its holdings in Weave Communications by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after buying an additional 101,580 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after buying an additional 239,202 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Weave Communications by 139.0% during the 3rd quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after buying an additional 52,210 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Weave Communications by 13.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company’s stock worth $1,852,000 after buying an additional 17,530 shares during the last quarter. Finally, Silverleafe Capital Partners LLC bought a new position in Weave Communications during the 4th quarter worth approximately $206,000. Institutional investors own 86.83% of the company’s stock.
Weave Communications Stock Down 0.7 %
Weave Communications stock opened at $10.36 on Tuesday. The company has a 50-day simple moving average of $11.03 and a 200-day simple moving average of $13.67. The firm has a market capitalization of $775.96 million, a P/E ratio of -26.56 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. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63.
Weave Communications (NYSE:WEAV – Get Free Report) last announced its 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 company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. As a group, equities analysts expect that Weave Communications, Inc. will post -0.33 earnings per share for the current year.
Insider Activity at Weave Communications
In other news, CFO Alan Taylor sold 31,262 shares of the firm’s 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 transaction, the chief financial officer now owns 247,484 shares in the company, valued at approximately $2,761,921.44. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Branden Neish sold 25,510 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $11.33, for a total transaction of $289,028.30. Following the transaction, the insider now owns 460,908 shares of the company’s stock, valued at approximately $5,222,087.64. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 519,509 shares of company stock worth $7,408,268 in the last 90 days. Corporate insiders own 18.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Piper Sandler cut their price target on Weave Communications from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Raymond James restated a “strong-buy” rating and set a $20.00 price target (up previously from $17.00) on shares of Weave Communications in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.50.
Check Out Our Latest Stock Report on WEAV
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.
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