Nebula Research & Development LLC Purchases 9,304 Shares of Weave Communications, Inc. (NYSE:WEAV)

Nebula Research & Development LLC increased its position in shares of Weave Communications, Inc. (NYSE:WEAV) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,560 shares of the company’s stock after buying an additional 9,304 shares during the period. Nebula Research & Development LLC’s holdings in Weave Communications were worth $566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its stake in Weave Communications by 31.9% in the third quarter. Barclays PLC now owns 223,503 shares of the company’s stock valued at $2,861,000 after purchasing an additional 54,019 shares in the last quarter. Geode Capital Management LLC lifted its position in Weave Communications by 13.0% during the third quarter. Geode Capital Management LLC now owns 883,207 shares of the company’s stock worth $11,308,000 after acquiring an additional 101,580 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Weave Communications by 37.7% during the third quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock worth $11,180,000 after acquiring an additional 239,202 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Weave Communications by 139.0% during the third quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock worth $1,149,000 after purchasing an additional 52,210 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Weave Communications by 13.8% during the third quarter. JPMorgan Chase & Co. now owns 144,677 shares of the company’s stock worth $1,852,000 after purchasing an additional 17,530 shares during the period. 86.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weave Communications

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 shares were sold at an average price of $11.33, for a total value of $289,028.30. Following the completion of the sale, the insider now directly owns 460,908 shares in the company, valued at $5,222,087.64. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Blake G. Modersitzki sold 40,907 shares of Weave Communications stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $16.47, for a total transaction of $673,738.29. Following the transaction, the director now owns 199,261 shares of the company’s stock, valued at $3,281,828.67. The trade was a 17.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 519,509 shares of company stock valued at $7,408,268 over the last three months. 18.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on Weave Communications from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Piper Sandler decreased their price target on Weave Communications from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James reissued a “strong-buy” rating and issued a $20.00 price target (up previously from $17.00) on shares of Weave Communications in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.50.

Weave Communications Price Performance

WEAV opened at $10.36 on Tuesday. The firm has a market cap of $775.96 million, a P/E ratio of -26.56 and a beta of 1.97. The firm has a 50-day moving average of $11.03 and a 200 day moving average of $13.67. 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, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $17.63.

Weave Communications (NYSE:WEAV) last issued its earnings results 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). Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. The business had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.23 million. On average, research analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current 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.