Campbell & CO Investment Adviser LLC Acquires New Stake in Weave Communications, Inc. $WEAV

Campbell & CO Investment Adviser LLC bought a new position in shares of Weave Communications, Inc. (NYSE:WEAV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 16,964 shares of the company’s stock, valued at approximately $141,000.

A number of other large investors have also made changes to their positions in WEAV. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Weave Communications by 36.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 488,956 shares of the company’s stock valued at $4,068,000 after purchasing an additional 131,188 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Weave Communications by 50.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,220 shares of the company’s stock valued at $152,000 after purchasing an additional 6,100 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Weave Communications by 50.0% in the second quarter. Teacher Retirement System of Texas now owns 78,236 shares of the company’s stock worth $651,000 after acquiring an additional 26,064 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Weave Communications by 162.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 180,346 shares of the company’s stock worth $1,500,000 after purchasing an additional 111,687 shares during the period. Finally, Lane Generational LLC purchased a new stake in shares of Weave Communications during the second quarter worth approximately $1,618,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weave Communications

In other Weave Communications news, Director Tyler Newton sold 50,993 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $6.68, for a total transaction of $340,633.24. Following the transaction, the director directly owned 50,992 shares of the company’s stock, valued at approximately $340,626.56. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Marcus Bertilson sold 13,836 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer directly owned 338,592 shares in the company, valued at $2,617,316.16. The trade was a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 158,172 shares of company stock valued at $1,166,036. 18.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Weave Communications Stock Down 3.5%

WEAV opened at $5.80 on Wednesday. The business’s 50-day simple moving average is $6.88 and its 200-day simple moving average is $7.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.24 and a current ratio of 1.24. Weave Communications, Inc. has a one year low of $5.76 and a one year high of $17.63. The stock has a market capitalization of $452.55 million, a P/E ratio of -13.49 and a beta of 1.71.

Weave Communications (NYSE:WEAV) last announced its earnings results on Thursday, October 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm 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 anticipate that Weave Communications, Inc. will post -0.33 EPS for the current year.

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.