Trexquant Investment LP Has $6.29 Million Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Trexquant Investment LP raised its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 168.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 394,988 shares of the company’s stock after acquiring an additional 247,670 shares during the period. Trexquant Investment LP owned approximately 0.54% of Weave Communications worth $6,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WEAV. Quarry LP acquired a new stake in shares of Weave Communications during the third quarter worth $45,000. Amundi acquired a new position in shares of Weave Communications during the 4th quarter worth about $66,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Weave Communications in the 4th quarter valued at approximately $131,000. US Bancorp DE raised its position in shares of Weave Communications by 8.4% in the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after acquiring an additional 703 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Weave Communications during the 4th quarter worth approximately $162,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Trading Down 5.7 %

NYSE WEAV opened at $9.43 on Friday. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63. 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 $696.88 million, a P/E ratio of -24.18 and a beta of 1.96. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $14.01.

Weave Communications (NYSE:WEAV) last announced its quarterly 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). The company 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%. Sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Branden Neish sold 20,741 shares of Weave Communications 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 $328,952.26. Following the sale, the insider now directly owns 491,381 shares in the company, valued at $7,793,302.66. This trade represents a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan Taylor sold 31,262 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 247,484 shares of the company’s stock, valued at $2,761,921.44. The trade was a 11.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 597,322 shares of company stock valued at $8,642,847. Company insiders own 36.30% of the company’s stock.

Analysts Set New Price Targets

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

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.