214,300 Shares in Weave Communications, Inc. (NYSE:WEAV) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in Weave Communications, Inc. (NYSE:WEAV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 214,300 shares of the company’s stock, valued at approximately $3,412,000. Canada Pension Plan Investment Board owned approximately 0.29% of Weave Communications as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of Weave Communications by 19.5% in the third quarter. State Street Corp now owns 950,683 shares of the company’s stock valued at $12,169,000 after purchasing an additional 155,054 shares in the last quarter. Barclays PLC raised its stake in shares of Weave Communications by 31.9% in the 3rd quarter. Barclays PLC now owns 223,503 shares of the company’s stock valued at $2,861,000 after buying an additional 54,019 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Weave Communications by 13.0% during the 3rd 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 period. Lord Abbett & CO. LLC boosted its position in shares of Weave Communications by 37.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 873,411 shares of the company’s stock valued at $11,180,000 after acquiring an additional 239,202 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Weave Communications by 139.0% during the 3rd quarter. Principal Financial Group Inc. now owns 89,768 shares of the company’s stock valued at $1,149,000 after acquiring an additional 52,210 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Up 1.6 %

WEAV opened at $9.06 on Wednesday. Weave Communications, Inc. has a twelve month low of $8.10 and a twelve month high of $17.63. The firm has a market cap of $678.22 million, a price-to-earnings ratio of -23.22 and a beta of 1.97. The firm’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $13.75. 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 (NYSE:WEAV) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.12). The firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.23 million. Weave Communications had a negative return on equity of 28.37% and a negative net margin of 13.87%. Equities research analysts anticipate that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, insider Branden Neish sold 20,741 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $15.86, for a total transaction of $328,952.26. Following the sale, the insider now owns 491,381 shares of the company’s stock, valued at $7,793,302.66. This represents a 4.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett T. White sold 54,778 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $15.86, for a total transaction of $868,779.08. Following the completion of the transaction, the chief executive officer now directly owns 1,928,364 shares of the company’s stock, valued at approximately $30,583,853.04. This represents a 2.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 596,528 shares of company stock worth $8,630,675. 36.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.