Similarweb Ltd. (NYSE:SMWB – Get Free Report) CEO Or Offer sold 52,900 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $8.54, for a total value of $451,766.00. Following the sale, the chief executive officer directly owned 4,280,191 shares in the company, valued at approximately $36,552,831.14. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Or Offer also recently made the following trade(s):
- 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 transaction of $253,840.00.
- On Wednesday, September 16th, Or Offer sold 45,719 shares of Similarweb stock. The shares were sold at an average price of $8.40, for a total transaction of $384,039.60.
- 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 stock was 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 shares were 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 shares were sold at an average price of $8.33, for a total transaction of $505,631.00.
- On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00.
- On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The stock was sold at an average price of $8.80, for a total transaction of $5,056,524.00.
- On Friday, August 14th, Or Offer sold 134,992 shares of Similarweb stock. The stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.
Similarweb Stock Down 1.4%
Shares of SMWB stock opened at $8.22 on Friday. The company has a market cap of $720.42 million, a P/E ratio of -32.90 and a beta of 1.21. The business has a 50 day moving average of $7.91 and a two-hundred day moving average of $5.16. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.04.
Analyst Ratings Changes
SMWB has been the topic of several analyst reports. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Citigroup boosted their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Oppenheimer increased their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.71.
Read Our Latest Analysis on Similarweb
Institutional Trading of Similarweb
Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Similarweb during the 2nd quarter worth $92,000. Royce & Associates LP raised its stake in shares of Similarweb by 8.7% during the fourth quarter. Royce & Associates LP now owns 537,406 shares of the company’s stock valued at $4,025,000 after purchasing an additional 43,078 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Similarweb by 475.3% during the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after purchasing an additional 52,863 shares in the last quarter. S Squared Technology LLC lifted its holdings in Similarweb by 12.9% in the fourth quarter. S Squared Technology LLC now owns 775,161 shares of the company’s stock worth $5,806,000 after purchasing an additional 88,489 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Similarweb in the fourth quarter worth about $1,255,000. Institutional investors own 57.59% of the company’s stock.
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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