XTX Topco Ltd Has $681,000 Holdings in Weave Communications, Inc. (NYSE:WEAV)

XTX Topco Ltd decreased its position in Weave Communications, Inc. (NYSE:WEAV) by 23.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,751 shares of the company’s stock after selling 13,265 shares during the period. XTX Topco Ltd’s holdings in Weave Communications were worth $681,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. increased its stake in shares of Weave Communications by 28.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,143 shares of the company’s stock valued at $66,000 after acquiring an additional 928 shares in the last quarter. Amundi acquired a new stake in Weave Communications in the fourth quarter worth $66,000. KLP Kapitalforvaltning AS acquired a new stake in Weave Communications in the fourth quarter worth $131,000. US Bancorp DE increased its stake in Weave Communications by 8.4% in the fourth quarter. US Bancorp DE now owns 9,053 shares of the company’s stock valued at $144,000 after purchasing an additional 703 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Weave Communications during the fourth quarter valued at about $159,000. Institutional investors own 86.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Weave Communications Stock Performance

WEAV opened at $9.31 on Friday. Weave Communications, Inc. has a 1-year low of $8.10 and a 1-year high of $17.63. The company has a market cap of $687.64 million, a price-to-earnings ratio of -23.86 and a beta of 1.97. The company’s fifty day moving average price is $12.10 and its two-hundred day moving average price is $13.82. 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 (NYSE:WEAV) last posted 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 business had revenue of $54.17 million during 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%. On average, analysts expect that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity at Weave Communications

In other Weave Communications news, CFO Alan Taylor sold 31,262 shares of Weave Communications stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $11.16, for a total transaction of $348,883.92. Following the transaction, the chief financial officer now directly owns 247,484 shares of the company’s stock, valued at $2,761,921.44. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake G. Modersitzki sold 40,907 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $16.47, for a total transaction of $673,738.29. Following the completion of the sale, the director now owns 199,261 shares of the company’s stock, valued at approximately $3,281,828.67. The trade was a 17.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 596,528 shares of company stock valued at $8,630,675 over the last 90 days. Insiders own 36.30% of the company’s stock.

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.