Quantbot Technologies LP Has $1.18 Million Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Quantbot Technologies LP increased its position in Weave Communications, Inc. (NYSE:WEAV) by 196.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,306 shares of the company’s stock after purchasing an additional 49,227 shares during the quarter. Quantbot Technologies LP owned approximately 0.10% of Weave Communications worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WEAV. Quarry LP bought a new position in shares of Weave Communications during the 3rd quarter worth about $45,000. Amundi acquired a new position in Weave Communications in the fourth quarter worth about $66,000. US Bancorp DE lifted its stake in Weave Communications by 8.4% during the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after purchasing an additional 703 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Weave Communications during the fourth quarter valued at approximately $162,000. Finally, PDT Partners LLC bought a new stake in shares of Weave Communications in the 3rd quarter valued at approximately $200,000. Institutional investors own 86.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James restated 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.

Insider Buying and Selling at Weave Communications

In other news, insider Branden Neish sold 20,741 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $15.86, for a total transaction of $328,952.26. Following the sale, the insider now directly owns 491,381 shares of the company’s stock, valued at $7,793,302.66. This represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brett T. White sold 54,778 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the completion of the transaction, the chief executive officer now owns 1,928,364 shares of the company’s stock, valued at $30,583,853.04. This trade represents a 2.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 597,322 shares of company stock worth $8,642,847. 36.30% of the stock is currently owned by insiders.

Weave Communications Trading Down 0.4 %

Shares of Weave Communications stock opened at $11.96 on Wednesday. The stock has a market capitalization of $883.84 million, a P/E ratio of -30.67 and a beta of 1.96. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $14.46 and a 200 day simple moving average of $14.04.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million for the quarter, compared to analyst estimates 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 expect 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.