Truvestments Capital LLC Buys 1,154 Shares of Weave Communications, Inc. (NYSE:WEAV)

Truvestments Capital LLC boosted its stake in Weave Communications, Inc. (NYSE:WEAV) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,576 shares of the company’s stock after purchasing an additional 1,154 shares during the quarter. Truvestments Capital LLC’s holdings in Weave Communications were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Weave Communications in the 3rd quarter worth about $45,000. Amundi bought a new stake in shares of Weave Communications during the 4th quarter valued at about $66,000. US Bancorp DE bought a new stake in shares of Weave Communications during the 3rd quarter valued at about $107,000. Los Angeles Capital Management LLC bought a new stake in shares of Weave Communications during the 4th quarter valued at about $162,000. Finally, PDT Partners LLC bought a new stake in shares of Weave Communications during the 3rd quarter valued at about $200,000. Institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Performance

NYSE:WEAV opened at $11.40 on Thursday. The business has a 50 day moving average of $15.31 and a 200 day moving average of $14.01. The company has a market capitalization of $829.23 million, a price-to-earnings ratio of -29.22 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 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 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). The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. On average, sell-side analysts predict that Weave Communications, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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 report on Friday, February 21st.

Insider Buying and Selling

In related news, Director Blake G. Modersitzki sold 74,756 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $17.49, for a total value of $1,307,482.44. Following the completion of the sale, the director now owns 179,153 shares in the company, valued at $3,133,385.97. The trade was a 29.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Branden Neish sold 7,111 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $15.95, for a total value of $113,420.45. Following the completion of the sale, the insider now owns 512,122 shares of the company’s stock, valued at $8,168,345.90. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 605,917 shares of company stock worth $9,938,967 in the last quarter. 36.30% of the stock is owned by insiders.

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.