Sequoia Financial Advisors LLC Invests $431,000 in Weave Communications, Inc. (NYSE:WEAV)

Sequoia Financial Advisors LLC purchased a new position in shares of Weave Communications, Inc. (NYSE:WEAV) during the fourth quarter, Holdings Channel.com reports. The fund purchased 27,091 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Weave Communications in the third quarter valued at about $45,000. Amundi acquired a new stake in Weave Communications in the 4th quarter worth about $66,000. US Bancorp DE increased its stake 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 buying an additional 703 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Weave Communications during the fourth quarter valued at approximately $162,000. Finally, Silverleafe Capital Partners LLC purchased a new position in shares of Weave Communications in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Alan Taylor sold 4,182 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $16.03, for a total value of $67,037.46. Following the completion of the sale, the chief financial officer now owns 283,516 shares of the company’s stock, valued at $4,544,761.48. This represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brett T. White sold 54,778 shares of Weave Communications stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $15.86, for a total transaction of $868,779.08. Following the sale, the chief executive officer now directly owns 1,928,364 shares in the company, valued at approximately $30,583,853.04. The trade was a 2.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,537 shares of company stock valued at $7,345,284 in the last three months. 36.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Weave Communications Stock Down 2.9 %

Shares of NYSE WEAV opened at $11.14 on Wednesday. The stock has a market cap of $810.31 million, a PE ratio of -28.55 and a beta of 1.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.09. Weave Communications, Inc. has a 12-month low of $8.10 and a 12-month high of $17.63. The company has a 50-day moving average of $14.84 and a 200 day moving average of $14.01.

Weave Communications (NYSE:WEAV) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Weave Communications had a negative net margin of 13.87% and a negative return on equity of 28.37%. The company had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.23 million. As a group, sell-side analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

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.