Knights of Columbus Asset Advisors LLC Invests $1.05 Million in Weave Communications, Inc. (NYSE:WEAV)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 65,907 shares of the company’s stock, valued at approximately $1,049,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP grew its position in Weave Communications by 40.9% during the 3rd 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 during the last quarter. Pathway Capital Management LP grew its position in Weave Communications by 136.3% during the 4th 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 grew its position in Weave Communications by 19.5% during the 3rd quarter. State Street Corp now owns 950,683 shares of the company’s stock worth $12,169,000 after acquiring an additional 155,054 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Weave Communications during the 4th quarter worth $14,984,000. Finally, Geode Capital Management LLC grew its position 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 acquiring an additional 101,580 shares during the last quarter. Institutional investors own 86.83% of the company’s stock.

Insider Buying and Selling at Weave Communications

In related news, insider Branden Neish sold 25,510 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the sale, the insider now owns 460,908 shares in the company, valued at $5,222,087.64. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Marcus Bertilson sold 27,599 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were 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 approximately $2,815,527.66. The trade was a 10.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 682,086 shares of company stock worth $10,040,605. Insiders own 36.30% of the company’s stock.

Weave Communications Trading Up 0.7 %

NYSE WEAV opened at $11.72 on Friday. The business’s 50-day moving average price is $14.60 and its two-hundred day moving average price is $14.00. Weave Communications, Inc. has a 12 month low of $8.10 and a 12 month high of $17.63. The firm has a market capitalization of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) 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 company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. On average, analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

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

Weave Communications 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.