Similarweb Ltd. (NYSE:SMWB – Get Free Report) CEO Or Offer sold 32,200 shares of Similarweb stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $8.40, for a total transaction of $270,480.00. Following the completion of the transaction, the chief executive officer directly owned 4,107,681 shares of the company’s stock, valued at approximately $34,504,520.40. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Or Offer also recently made the following trade(s):
- On Friday, September 18th, Or Offer sold 37,500 shares of Similarweb stock. The shares were sold at an average price of $8.25, for a total transaction of $309,375.00.
- On Thursday, September 17th, Or Offer sold 30,400 shares of Similarweb stock. The stock was sold at an average price of $8.35, for a total value of $253,840.00.
- On Wednesday, September 16th, Or Offer sold 45,719 shares of Similarweb stock. The stock was sold at an average price of $8.40, for a total value of $384,039.60.
- On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The shares were sold at an average price of $8.54, for a total value of $451,766.00.
- On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The stock was sold at an average price of $8.53, for a total transaction of $227,674.23.
- On Friday, September 11th, Or Offer sold 59,000 shares of Similarweb stock. The shares were sold at an average price of $8.05, for a total transaction of $474,950.00.
- On Thursday, September 10th, Or Offer sold 59,200 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total transaction of $477,152.00.
- On Wednesday, September 9th, Or Offer sold 86,300 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total transaction of $695,578.00.
- On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The stock was sold at an average price of $8.33, for a total value of $505,631.00.
- On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The shares were sold at an average price of $9.00, for a total value of $3,448,143.00.
Similarweb Stock Performance
SMWB stock opened at $8.47 on Tuesday. The company’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $5.21. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $9.87. The company has a market capitalization of $741.97 million, a PE ratio of -33.88 and a beta of 1.21.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Similarweb during the 2nd quarter worth about $92,000. Wellington Management Group LLP increased its position in Similarweb by 22.2% in the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after buying an additional 657,928 shares in the last quarter. Militia Capital Management LLC acquired a new position in Similarweb during the 1st quarter worth approximately $616,000. Lavelle Capital LP bought a new position in Similarweb in the first quarter worth approximately $529,000. Finally, Bank of America Corp DE grew its stake in Similarweb by 475.3% in the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after acquiring an additional 52,863 shares during the period. 57.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SMWB. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Wednesday, September 16th. Barclays upped their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Oppenheimer lifted their price objective on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded Similarweb from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.71.
Get Our Latest Report on Similarweb
Similarweb Company Profile
Similarweb Ltd. is a digital intelligence company that provides data and analytics about online activity. Its platform helps organizations analyze website and mobile application performance, understand audience behavior, evaluate competitors, and identify trends across digital markets.
The company’s products support a range of business functions, including marketing, sales, market research, search engine optimization, investor research and business development. Similarweb combines data from multiple sources to provide insights into web traffic, mobile app usage, customer engagement, acquisition channels and industry positioning.
Founded in 2007, Similarweb serves businesses, agencies, financial institutions and other organizations in markets around the world.
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