Bank of New York Mellon Corp Has $1.58 Million Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Bank of New York Mellon Corp increased its position in Weave Communications, Inc. (NYSE:WEAV) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,364 shares of the company’s stock after buying an additional 15,171 shares during the period. Bank of New York Mellon Corp owned 0.14% of Weave Communications worth $1,582,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Weave Communications by 161.9% during the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock valued at $1,254,000 after purchasing an additional 60,574 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Weave Communications by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock valued at $5,569,000 after purchasing an additional 45,475 shares during the last quarter. XTX Topco Ltd boosted its stake in Weave Communications by 429.2% during the 3rd quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock valued at $717,000 after purchasing an additional 45,430 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Weave Communications by 33.0% during the 4th quarter. Principal Financial Group Inc. now owns 119,351 shares of the company’s stock valued at $1,900,000 after purchasing an additional 29,583 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock valued at $11,180,000 after purchasing an additional 239,202 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Price Performance

Shares of NYSE WEAV opened at $11.72 on Friday. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The stock’s 50 day moving average price is $14.60 and its 200-day moving average price is $14.00. The company has a market capitalization of $865.81 million, a PE ratio of -30.04 and a beta of 1.96. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Weave Communications

In related news, CEO Brett T. White sold 109,722 shares of Weave Communications stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.26, for a total value of $1,235,469.72. Following the sale, the chief executive officer now owns 1,790,435 shares of the company’s stock, valued at approximately $20,160,298.10. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $11.16, for a total transaction of $348,883.92. Following the completion of the sale, the chief financial officer now directly owns 247,484 shares in the company, valued at $2,761,921.44. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 682,086 shares of company stock worth $10,040,605 in the last 90 days. Insiders own 36.30% of the company’s stock.

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.