Weave Communications, Inc. (NYSE:WEAV) Shares Purchased by Swiss National Bank

Swiss National Bank grew its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,600 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Swiss National Bank owned 0.10% of Weave Communications worth $1,124,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Weave Communications during the third quarter valued at approximately $45,000. Amundi purchased a new position in shares of Weave Communications in the fourth quarter valued at $66,000. US Bancorp DE grew its holdings 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 purchasing an additional 703 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Weave Communications during the 4th quarter worth $162,000. Finally, PDT Partners LLC purchased a new stake in Weave Communications during the 3rd quarter worth $200,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Performance

Shares of WEAV opened at $11.01 on Friday. The firm has a market cap of $813.93 million, a price-to-earnings ratio of -28.24 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. The business’s 50 day moving average is $14.20 and its two-hundred day moving average is $14.03. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.63.

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

Insider Activity

In other news, COO Marcus Bertilson sold 27,599 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 value of $312,696.67. Following the completion of the transaction, the chief operating officer now owns 248,502 shares in the company, valued at approximately $2,815,527.66. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brett T. White sold 54,778 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $15.86, for a total value of $868,779.08. Following the sale, the chief executive officer now directly owns 1,928,364 shares in the company, valued at approximately $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 597,322 shares of company stock worth $8,642,847. 36.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.