188,001 Shares in Weave Communications, Inc. (NYSE:WEAV) Acquired by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 188,001 shares of the company’s stock, valued at approximately $2,993,000. Weave Communications makes up 0.7% of Liberty Mutual Group Asset Management Inc.’s portfolio, making the stock its 8th largest position.

Several other large investors have also made changes to their positions in WEAV. Wasatch Advisors LP boosted its position in shares of Weave Communications by 38.4% during the 4th quarter. Wasatch Advisors LP now owns 5,205,665 shares of the company’s stock worth $82,874,000 after acquiring an additional 1,444,828 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Weave Communications by 202.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,650,760 shares of the company’s stock valued at $26,280,000 after purchasing an additional 1,105,728 shares during the last quarter. Raymond James Financial Inc. bought a new position in Weave Communications in the 4th quarter valued at approximately $14,984,000. Voya Investment Management LLC lifted its stake in Weave Communications by 509.2% in the 4th quarter. Voya Investment Management LLC now owns 1,099,255 shares of the company’s stock valued at $17,500,000 after purchasing an additional 918,804 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Weave Communications by 23.5% in the 4th quarter. Vanguard Group Inc. now owns 4,536,462 shares of the company’s stock valued at $72,220,000 after purchasing an additional 863,547 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insider Activity

In other news, CFO Alan Taylor sold 31,262 shares of the stock in a transaction on Tuesday, March 18th. The shares were 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 directly owns 247,484 shares in the company, valued at $2,761,921.44. This represents a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brett T. White sold 54,051 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $10.23, for a total transaction of $552,941.73. Following the sale, the chief executive officer now owns 2,086,384 shares of the company’s stock, valued at approximately $21,343,708.32. This trade represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 437,550 shares of company stock valued at $5,577,180. Insiders own 18.40% of the company’s stock.

Weave Communications Price Performance

WEAV stock opened at $10.44 on Monday. The company has a fifty day moving average price of $10.53 and a 200-day moving average price of $13.49. The company has a market capitalization of $781.96 million, a P/E ratio of -26.77 and a beta of 1.97. Weave Communications, Inc. has a 52-week low of $8.18 and a 52-week high of $17.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.59 and a current ratio of 1.59.

Weave Communications (NYSE:WEAV) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $55.81 million for the quarter, compared to the consensus estimate of $54.72 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. As a group, equities analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WEAV. Stifel Nicolaus dropped their price objective on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Piper Sandler increased their price objective on shares of Weave Communications from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Finally, Raymond James dropped their price objective on shares of Weave Communications from $20.00 to $17.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $16.10.

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.