Weave Communications, Inc. (NYSE:WEAV) Stock Position Increased by Northern Trust Corp

Northern Trust Corp boosted its position in Weave Communications, Inc. (NYSE:WEAV) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,003 shares of the company’s stock after purchasing an additional 2,744 shares during the quarter. Northern Trust Corp owned about 0.50% of Weave Communications worth $5,795,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in Weave Communications in the 4th quarter valued at about $34,000. Summit Investment Advisors Inc. increased its stake in Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after buying an additional 928 shares during the period. Amundi acquired a new position in Weave Communications during the 4th quarter valued at about $66,000. KLP Kapitalforvaltning AS acquired a new position in Weave Communications during the 4th quarter valued at about $131,000. Finally, US Bancorp DE increased its stake in Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after buying an additional 703 shares during the period. 86.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Weave Communications news, COO Marcus Bertilson sold 27,599 shares of Weave Communications stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 approximately $2,815,527.66. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Branden Neish sold 25,510 shares of Weave Communications stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 in the company, valued at approximately $5,222,087.64. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 320,014 shares of company stock valued at $3,522,274. Company insiders own 18.40% of the company’s stock.

Weave Communications Stock Performance

Shares of WEAV opened at $10.36 on Wednesday. The firm’s 50 day moving average is $10.44 and its 200-day moving average is $13.35. The stock has a market capitalization of $778.89 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 current ratio of 1.59 and a quick ratio of 1.59. Weave Communications, Inc. has a 12-month low of $8.18 and a 12-month high of $17.63.

Weave Communications (NYSE:WEAV) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $55.81 million during the quarter, compared to analyst estimates of $54.72 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WEAV has been the topic of several research analyst reports. Raymond James lowered their target price on shares of Weave Communications from $20.00 to $17.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, April 29th. Piper Sandler raised their target price on shares of Weave Communications from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Weave Communications presently has a consensus rating of “Buy” and a consensus target price of $16.10.

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.