Jump Financial LLC Has $2.15 Million Stock Position in Weave Communications, Inc. (NYSE:WEAV)

Jump Financial LLC increased its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 148.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,890 shares of the company’s stock after acquiring an additional 80,537 shares during the period. Jump Financial LLC owned about 0.19% of Weave Communications worth $2,147,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Amundi bought a new position in Weave Communications during the fourth quarter worth about $66,000. Summit Investment Advisors Inc. lifted its stake in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after acquiring an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Weave Communications in the fourth quarter valued at approximately $131,000. US Bancorp DE increased its holdings in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after purchasing an additional 703 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Weave Communications during the 4th quarter valued at approximately $159,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Down 0.8 %

Shares of NYSE:WEAV opened at $9.31 on Friday. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. 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 stock has a market cap of $687.64 million, a price-to-earnings ratio of -23.86 and a beta of 1.97. The business’s 50 day moving average is $11.94 and its 200 day moving average is $13.79.

Weave Communications (NYSE:WEAV) last issued its quarterly 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 business had revenue of $54.17 million for the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Weave Communications

In related news, CFO Alan Taylor sold 31,262 shares of Weave Communications 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 completion of the sale, the chief financial officer now owns 247,484 shares of the company’s stock, valued at approximately $2,761,921.44. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Branden Neish sold 20,741 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $15.86, for a total value of $328,952.26. Following the transaction, the insider now directly owns 491,381 shares of the company’s stock, valued at $7,793,302.66. The trade was a 4.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 596,528 shares of company stock worth $8,630,675. 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.