Counterpoint Mutual Funds LLC Purchases 14,079 Shares of Weave Communications, Inc. (NYSE:WEAV)

Counterpoint Mutual Funds LLC raised its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 78.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,093 shares of the company’s stock after acquiring an additional 14,079 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Weave Communications were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE lifted its position in shares of Weave Communications by 8.4% during the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after acquiring an additional 703 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Weave Communications by 0.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 149,715 shares of the company’s stock worth $2,383,000 after acquiring an additional 937 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Weave Communications by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 24,576 shares of the company’s stock worth $391,000 after acquiring an additional 1,154 shares in the last quarter. Swiss National Bank raised its position in shares of Weave Communications by 2.9% in the fourth quarter. Swiss National Bank now owns 70,600 shares of the company’s stock worth $1,124,000 after buying an additional 2,000 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Weave Communications in the third quarter worth $45,000. 86.83% of the stock is owned by institutional investors.

Insider Activity at Weave Communications

In other news, CFO Alan Taylor sold 12,044 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $16.15, for a total transaction of $194,510.60. Following the transaction, the chief financial officer now directly owns 287,798 shares of the company’s stock, valued at approximately $4,647,937.70. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Blake G. Modersitzki sold 74,756 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total value of $1,307,482.44. Following the transaction, the director now directly owns 179,153 shares in the company, valued at $3,133,385.97. This trade represents a 29.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 452,581 shares of company stock valued at $7,539,794 over the last 90 days. 36.30% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Raymond James reiterated a “strong-buy” rating and issued 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 Trading Up 2.4 %

Shares of WEAV stock opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59. Weave Communications, Inc. has a 52-week low of $8.10 and a 52-week high of $17.63. The company has a market capitalization of $834.25 million, a PE ratio of -29.39 and a beta of 1.96. The business’s fifty day moving average is $14.94 and its 200 day moving average is $14.01.

Weave Communications (NYSE:WEAV) last released its 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). The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. On average, equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

About Weave Communications

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.