SCHEDULE 13G/A: Wasatch Advisors LP Amends Stake in Weave Communications, Reports 7.2% Passive Ownership
Beneficial Ownership Disclosure
Wasatch Advisors LP has filed an amended Schedule 13G, disclosing a 7.2% beneficial ownership stake in Weave Communications, Inc. as of December 31, 2024.
Summary
- Wasatch Advisors LP, an investment adviser, filed an Amendment No. 1 to Schedule 13G regarding its ownership in Weave Communications, Inc.
- As of December 31, 2024, Wasatch Advisors LP beneficially owns an aggregate of 5,205,665 shares of Weave Communications, Inc. Common Stock.
- This ownership represents 7.2% of the total class of securities.
- Wasatch Advisors LP holds sole voting power over 4,492,270 shares and sole dispositive power over 5,205,665 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing disclosing an institutional ownership stake. While it doesn't contain operational or financial performance details, the presence of a significant passive stake by a reputable investment adviser can be viewed as a positive signal of confidence in the company.
Positives
- The disclosure of a 7.2% beneficial ownership by Wasatch Advisors LP, a recognized investment adviser, may signal institutional confidence in Weave Communications, Inc.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a passive investment approach.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure of an institutional investor's passive ownership stake and does not provide broader industry context or analysis for Weave Communications, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which could influence market perception and potentially share price due to increased institutional interest.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date for ownership calculation) |
| 02/12/2025 | Date of filing of this statement |
Keywords
Weave Communications, Wasatch Advisors LP, Schedule 13G, SEC filing, beneficial ownership, institutional ownership, Common Stock, investment adviser, passive investment
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