Sequoia Financial Advisors LLC Invests $431,000 in Weave Communications, Inc. (NYSE:WEAV)

Sequoia Financial Advisors LLC purchased a new stake in shares of Weave Communications, Inc. (NYSE:WEAV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,091 shares of the company’s stock, valued at approximately $431,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Weave Communications by 139.0% in the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after acquiring an additional 52,210 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Weave Communications during the 3rd quarter valued at about $291,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Weave Communications by 20.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 347,302 shares of the company’s stock valued at $4,445,000 after purchasing an additional 58,359 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Weave Communications by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after purchasing an additional 45,475 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Weave Communications by 36.2% in the third quarter. Algert Global LLC now owns 247,558 shares of the company’s stock worth $3,169,000 after buying an additional 65,790 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Weave Communications Trading Down 2.9 %

Shares of NYSE WEAV opened at $11.14 on Wednesday. The stock has a market capitalization of $810.31 million, a P/E ratio of -28.55 and a beta of 1.96. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The business’s 50 day moving average is $14.84 and its two-hundred day moving average is $14.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.59.

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

Insider Activity

In other Weave Communications news, CFO Alan Taylor sold 4,182 shares of Weave Communications stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.03, for a total value of $67,037.46. Following the transaction, the chief financial officer now owns 283,516 shares in the company, valued at $4,544,761.48. The trade was a 1.45 % 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, CEO Brett T. White sold 54,778 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the transaction, the chief executive officer now owns 1,928,364 shares of the company’s stock, valued at approximately $30,583,853.04. This trade represents a 2.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 440,537 shares of company stock valued at $7,345,284. Corporate insiders own 36.30% of the company’s stock.

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.