Counterpoint Mutual Funds LLC Has $511,000 Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Counterpoint Mutual Funds LLC grew its holdings in Weave Communications, Inc. (NYSE:WEAV) by 78.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,093 shares of the company’s stock after purchasing 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 (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Weave Communications during the 3rd quarter worth approximately $45,000. Amundi acquired a new position in Weave Communications during the 4th quarter worth approximately $66,000. US Bancorp DE raised its stake in Weave Communications by 8.4% during the 4th quarter. US Bancorp DE now owns 9,053 shares of the company’s stock worth $144,000 after buying an additional 703 shares during the period. Los Angeles Capital Management LLC acquired a new position in Weave Communications during the 4th quarter worth approximately $162,000. Finally, Silverleafe Capital Partners LLC acquired a new position in Weave Communications during the 4th quarter worth approximately $206,000. 86.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Blake G. Modersitzki sold 74,756 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the transaction, the director now directly owns 179,153 shares of the company’s stock, valued at $3,133,385.97. This represents a 29.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $67,037.46. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 452,581 shares of company stock valued at $7,539,794 over the last three months. Corporate insiders own 36.30% of the company’s stock.

Analysts Set New Price Targets

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

Weave Communications Stock Performance

Shares of WEAV 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. The stock has a 50 day moving average price of $14.94 and a two-hundred day moving average price of $14.01. The firm has a market capitalization of $834.25 million, a P/E ratio of -29.39 and a beta of 1.96. Weave Communications, Inc. has a 52 week low of $8.10 and a 52 week high of $17.63.

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

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.