CenterBook Partners LP Has $5.57 Million Stock Position in Weave Communications, Inc. $WEAV

CenterBook Partners LP increased its holdings in Weave Communications, Inc. (NYSE:WEAV) by 232.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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’s holdings in Weave Communications were worth $5,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WEAV. Summit Securities Group LLC purchased a new stake in shares of Weave Communications in the first quarter worth approximately $29,000. Amundi lifted its position in Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after buying an additional 1,130 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Weave Communications during the 2nd quarter valued at $83,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 valued at $134,000 after acquiring an additional 1,217 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of Weave Communications by 51.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,400 shares of the company’s stock valued at $103,000 after acquiring an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Insiders Place Their Bets

In other Weave Communications news, COO Marcus Bertilson sold 13,836 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.73, for a total transaction of $106,952.28. Following the completion of the sale, the chief operating officer directly owned 338,592 shares in the company, valued at $2,617,316.16. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett T. White sold 53,953 shares of Weave Communications stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.73, for a total value of $417,056.69. Following the completion of the transaction, the chief executive officer owned 1,922,071 shares in the company, valued at $14,857,608.83. The trade was a 2.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 158,172 shares of company stock worth $1,166,036 in the last ninety days. 18.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Weave Communications Stock Up 3.5%

WEAV opened at $5.99 on Friday. The firm has a market cap of $466.99 million, a P/E ratio of -13.92 and a beta of 1.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50 day moving average price of $6.77 and a 200 day moving average price of $7.91. Weave Communications, Inc. has a twelve month low of $5.64 and a twelve month high of $17.63.

Weave Communications (NYSE:WEAV) last announced its quarterly 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 company had revenue of $61.34 million for 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. Research analysts forecast that Weave Communications, Inc. will post -0.33 EPS for the current year.

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.