Weave Communications, Inc. $WEAV Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its holdings in shares of Weave Communications, Inc. (NYSE:WEAV) by 232.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,007 shares of the company’s stock after acquiring an additional 468,420 shares during the period. CenterBook Partners LP owned approximately 0.87% of Weave Communications worth $5,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Weave Communications by 83.9% during the second quarter. Legal & General Group Plc now owns 65,657 shares of the company’s stock valued at $546,000 after purchasing an additional 29,958 shares during the period. JPMorgan Chase & Co. grew its position in Weave Communications by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 292,452 shares of the company’s stock valued at $2,433,000 after buying an additional 7,651 shares in the last quarter. Magnetar Financial LLC increased its stake in Weave Communications by 9.4% during the 2nd quarter. Magnetar Financial LLC now owns 47,662 shares of the company’s stock valued at $397,000 after buying an additional 4,079 shares during the period. Swiss National Bank raised its position in shares of Weave Communications by 35.2% during the 2nd quarter. Swiss National Bank now owns 114,400 shares of the company’s stock worth $952,000 after buying an additional 29,800 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Weave Communications by 228.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 112,906 shares of the company’s stock worth $939,000 after acquiring an additional 78,548 shares during the period. Institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Performance

WEAV opened at $5.99 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The firm has a market cap of $466.99 million, a PE ratio of -13.92 and a beta of 1.71. The business has a fifty day simple moving average of $6.77 and a 200-day simple moving average of $7.91. Weave Communications, Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $17.63.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, October 30th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Weave Communications had a negative return on equity of 42.10% and a negative net margin of 14.32%.The business had revenue of $61.34 million during the quarter, compared to the consensus estimate of $60.67 million. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that Weave Communications, Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity at Weave Communications

In other Weave Communications news, insider Erin Goodsell sold 9,541 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $7.50, for a total value of $71,557.50. Following the completion of the transaction, the insider directly owned 544,181 shares in the company, valued at $4,081,357.50. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Tyler Newton sold 50,993 shares of Weave Communications stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $6.68, for a total transaction of $340,633.24. Following the completion of the transaction, the director directly owned 50,992 shares in the company, valued at approximately $340,626.56. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 158,172 shares of company stock valued at $1,166,036. Corporate insiders own 18.40% of the company’s stock.

Analyst Ratings Changes

WEAV has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of Weave Communications from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Raymond James Financial lowered their price target on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a research note on Tuesday, October 14th. Piper Sandler decreased their target price on Weave Communications from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Stifel Nicolaus dropped their price target on shares of Weave Communications from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Weave Communications has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

About Weave Communications

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.