Graham Capital Management L.P. Has $694,000 Stock Holdings in Weave Communications, Inc. (NYSE:WEAV)

Graham Capital Management L.P. increased its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 276.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,602 shares of the company’s stock after buying an additional 32,020 shares during the period. Graham Capital Management L.P. owned about 0.06% of Weave Communications worth $694,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in Weave Communications during the 4th quarter worth approximately $34,000. Amundi bought a new position in Weave Communications during the 4th quarter worth approximately $66,000. Summit Investment Advisors Inc. raised its holdings in Weave Communications by 28.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock worth $66,000 after purchasing an additional 928 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Weave Communications during the 4th quarter worth approximately $131,000. Finally, US Bancorp DE raised its holdings 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 purchasing an additional 703 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Weave Communications Stock Performance

NYSE:WEAV opened at $11.01 on Thursday. The company has a fifty day moving average of $10.48 and a 200-day moving average of $13.44. The firm has a market capitalization of $824.65 million, a P/E ratio of -28.23 and a beta of 1.97. 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, Inc. has a twelve month low of $8.18 and a twelve month high of $17.63.

Weave Communications (NYSE:WEAV) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.12). The company had revenue of $55.81 million during 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, sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Weave Communications from $20.00 to $17.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus lowered their price target on shares of Weave Communications from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler lifted 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. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $16.10.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 31,262 shares of the business’s 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 owns 247,484 shares in the company, valued at approximately $2,761,921.44. The trade was a 11.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Blake G. Modersitzki sold 74,756 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $17.49, for a total transaction of $1,307,482.44. Following the sale, the director now owns 179,153 shares of the company’s stock, valued at $3,133,385.97. This trade represents a 29.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,761 shares of company stock worth $5,563,759. 18.40% of the stock is owned by corporate insiders.

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.