Los Angeles Capital Management LLC Has $648,000 Stock Position in Weave Communications, Inc. $WEAV

Los Angeles Capital Management LLC reduced its stake in Weave Communications, Inc. (NYSE:WEAV) by 17.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 77,938 shares of the company’s stock after selling 16,130 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Weave Communications were worth $648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Weave Communications in the 1st quarter valued at $29,000. a16z Perennial Management L.P. bought a new position in shares of Weave Communications during the first quarter valued at $36,000. Amundi boosted its stake in shares of Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after purchasing an additional 1,130 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Weave Communications in the 2nd quarter worth about $83,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Weave Communications by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,120 shares of the company’s stock worth $134,000 after purchasing an additional 1,217 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.

Weave Communications Stock Performance

WEAV stock opened at $6.10 on Friday. The company has a 50 day moving average price of $6.96 and a 200 day moving average price of $8.07. Weave Communications, Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $17.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $476.14 million, a PE ratio of -14.19 and a beta of 1.71.

Weave Communications (NYSE:WEAV) last released 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. The company had revenue of $61.34 million during the quarter, compared to analysts’ expectations of $60.67 million. Weave Communications had a negative return on equity of 42.10% and a negative net margin of 14.32%. Weave Communications has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

Insider Transactions at Weave Communications

In other news, CFO Jason Paul Christiansen sold 3,897 shares of Weave Communications stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $7.50, for a total transaction of $29,227.50. Following the completion of the sale, the chief financial officer owned 313,484 shares in the company, valued at $2,351,130. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Marcus Bertilson sold 13,836 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.73, for a total transaction of $106,952.28. Following the sale, the chief operating officer directly owned 338,592 shares of the company’s stock, valued at approximately $2,617,316.16. This trade represents a 3.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 158,172 shares of company stock valued at $1,166,036. 18.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WEAV has been the topic of a number of recent analyst reports. Citigroup reduced 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 report on Monday, November 3rd. Piper Sandler reduced their target price on Weave Communications from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Weave Communications in a report on Tuesday, October 14th. Raymond James Financial cut their price objective on Weave Communications from $17.00 to $15.00 and set a “strong-buy” rating for the company in a research report on Friday, August 1st. Finally, Stifel Nicolaus decreased their target price on Weave Communications from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.50.

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.