4,171 Shares in Weave Communications, Inc. (NYSE:WEAV) Bought by Amundi

Amundi bought a new position in Weave Communications, Inc. (NYSE:WEAV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,171 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds have also modified their holdings of WEAV. Principal Financial Group Inc. boosted its position in shares of Weave Communications by 139.0% in the third 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 period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Weave Communications in the third quarter worth $291,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Weave Communications by 20.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 347,302 shares of the company’s stock worth $4,445,000 after buying an additional 58,359 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Weave Communications by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after buying an additional 45,475 shares during the period. Finally, Algert Global LLC boosted its position in shares of Weave Communications by 36.2% in the third quarter. Algert Global LLC now owns 247,558 shares of the company’s stock worth $3,169,000 after buying an additional 65,790 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Price Performance

NYSE WEAV opened at $11.72 on Friday. Weave Communications, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63. The stock’s 50-day moving average is $14.60 and its two-hundred day moving average is $14.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $865.81 million, a P/E ratio of -30.04 and a beta of 1.96.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). The business had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James reissued 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.

Insider Transactions at Weave Communications

In related news, COO Marcus Bertilson sold 27,599 shares of the business’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 $312,696.67. Following the transaction, the chief operating officer now directly owns 248,502 shares in the company, valued at $2,815,527.66. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Branden Neish sold 20,741 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $328,952.26. Following the transaction, the insider now owns 491,381 shares in the company, valued at $7,793,302.66. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 682,086 shares of company stock worth $10,040,605. Company insiders own 36.30% of the company’s stock.

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.