AlphaQuest LLC Makes New $414,000 Investment in Weave Communications, Inc. (NYSE:WEAV)

AlphaQuest LLC purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,026 shares of the company’s stock, valued at approximately $414,000.

A number of other large investors have also made changes to their positions in WEAV. Quarry LP acquired a new stake in Weave Communications in the third quarter valued at $45,000. Amundi purchased a new stake in shares of Weave Communications in the 4th quarter worth about $66,000. US Bancorp DE acquired a new stake in Weave Communications in the 3rd quarter valued at about $107,000. Los Angeles Capital Management LLC purchased a new position in Weave Communications during the 4th quarter valued at about $162,000. Finally, PDT Partners LLC acquired a new position in Weave Communications during the third quarter worth about $200,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insider Activity

In related news, CFO Alan Taylor sold 4,182 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $16.03, for a total transaction of $67,037.46. Following the completion of the transaction, the chief financial officer now owns 283,516 shares of the company’s stock, valued at approximately $4,544,761.48. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Blake G. Modersitzki sold 74,756 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the transaction, the director now directly owns 179,153 shares in the company, valued at approximately $3,133,385.97. This represents a 29.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 512,987 shares of company stock valued at $8,501,339 over the last quarter. Company insiders own 36.30% of the company’s stock.

Weave Communications Stock Down 4.2 %

WEAV opened at $10.96 on Friday. The firm has a market cap of $797.21 million, a P/E ratio of -28.09 and a beta of 1.96. The business’s fifty day simple moving average is $15.22 and its 200 day simple moving average is $13.99. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week 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.

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

Analysts Set New Price Targets

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

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.