Weave Communications, Inc. $WEAV Stock Holdings Increased by Lane Generational LLC

Lane Generational LLC increased its stake in shares of Weave Communications, Inc. (NYSE:WEAV) by 112.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 412,462 shares of the company’s stock after purchasing an additional 217,957 shares during the quarter. Weave Communications makes up approximately 2.3% of Lane Generational LLC’s portfolio, making the stock its 19th largest position. Lane Generational LLC owned about 0.54% of Weave Communications worth $2,755,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WEAV. Scalar Gauge Management LLC purchased a new stake in shares of Weave Communications during the 3rd quarter worth about $1,164,000. Thrivent Financial for Lutherans acquired a new position in Weave Communications in the second quarter worth approximately $3,649,000. Y Intercept Hong Kong Ltd increased its holdings in Weave Communications by 162.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 180,346 shares of the company’s stock worth $1,500,000 after buying an additional 111,687 shares during the last quarter. Archon Capital Management LLC bought a new position in Weave Communications during the second quarter valued at approximately $1,184,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in Weave Communications in the second quarter valued at approximately $16,915,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Weave Communications Stock Up 0.6%

Weave Communications stock opened at $6.50 on Friday. The firm has a market cap of $507.20 million, a price-to-earnings ratio of -15.12 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 1.24. Weave Communications, Inc. has a fifty-two week low of $5.64 and a fifty-two week high of $17.63. The firm has a fifty day moving average price of $6.85 and a two-hundred day moving average price of $7.06.

Weave Communications (NYSE:WEAV) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (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 company had revenue of $61.34 million for the quarter, compared to the consensus estimate of $60.67 million. As a group, analysts forecast that Weave Communications, Inc. will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Tyler Newton sold 50,993 shares of the company’s 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 $340,626.56. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erin Goodsell sold 9,615 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $6.89, for a total transaction of $66,247.35. Following the completion of the sale, the insider owned 527,055 shares in the company, valued at approximately $3,631,408.95. The trade was a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on WEAV. Citigroup dropped their price target 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. Stifel Nicolaus decreased their price objective on shares of Weave Communications from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Weave Communications in a research report on Monday, December 29th. Raymond James Financial cut Weave Communications from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, January 6th. Finally, Piper Sandler decreased their price target 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. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Weave Communications Company Profile

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.