EntryPoint Capital LLC Boosts Stake in Weave Communications, Inc. (NYSE:WEAV)

EntryPoint Capital LLC lifted its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 114.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,514 shares of the company’s stock after buying an additional 14,693 shares during the period. EntryPoint Capital LLC’s holdings in Weave Communications were worth $438,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in Weave Communications by 161.9% in the 3rd quarter. FMR LLC now owns 97,991 shares of the company’s stock worth $1,254,000 after purchasing an additional 60,574 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Weave Communications by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 435,099 shares of the company’s stock worth $5,569,000 after acquiring an additional 45,475 shares during the period. XTX Topco Ltd increased its position in Weave Communications by 429.2% during the third quarter. XTX Topco Ltd now owns 56,016 shares of the company’s stock valued at $717,000 after acquiring an additional 45,430 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Weave Communications by 33.0% in the fourth quarter. Principal Financial Group Inc. now owns 119,351 shares of the company’s stock valued at $1,900,000 after acquiring an additional 29,583 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in Weave Communications by 37.7% in the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after purchasing an additional 239,202 shares during the last quarter. 86.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Weave Communications Price Performance

Shares of Weave Communications stock opened at $11.96 on Wednesday. The stock has a market cap of $883.84 million, a P/E ratio of -30.67 and a beta of 1.96. 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’s fifty day moving average is $14.46 and its 200 day moving average is $14.04. Weave Communications, Inc. has a one year low of $8.10 and a one year high of $17.63.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share 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 analysts’ expectations of $53.23 million. Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. Sell-side analysts anticipate that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Weave Communications news, insider Branden Neish sold 25,510 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $11.33, for a total transaction of $289,028.30. Following the sale, the insider now directly owns 460,908 shares of the company’s stock, valued at $5,222,087.64. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett T. White sold 109,722 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.26, for a total value of $1,235,469.72. Following the completion of the transaction, the chief executive officer now directly owns 1,790,435 shares of the company’s stock, valued at approximately $20,160,298.10. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 597,322 shares of company stock worth $8,642,847 over the last three months. 36.30% of the stock is currently owned by company 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.