Similarweb Ltd. (NYSE:SMWB – Get Free Report) CEO Or Offer sold 30,400 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $8.35, for a total transaction of $253,840.00. Following the transaction, the chief executive officer directly owned 4,177,381 shares of the company’s stock, valued at approximately $34,881,131.35. This represents a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Or Offer also recently made the following trade(s):
- 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 transaction of $384,039.60.
- On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The stock was sold at an average price of $8.54, for a total transaction of $451,766.00.
- On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The shares were 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 shares were 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.
- 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 value 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 value of $1,197,379.04.
Similarweb Stock Down 1.4%
Shares of NYSE SMWB opened at $8.22 on Friday. The firm has a market capitalization of $720.42 million, a P/E ratio of -32.90 and a beta of 1.21. The stock’s 50-day simple moving average is $7.91 and its two-hundred day simple moving average is $5.16. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.04.
Institutional Trading of Similarweb
Several hedge funds and other institutional investors have recently bought and sold shares of SMWB. Integrated Wealth Concepts LLC bought a new position in Similarweb during the second quarter valued at approximately $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 worth $4,025,000 after acquiring an additional 43,078 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Similarweb by 475.3% in the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after acquiring an additional 52,863 shares during the last quarter. S Squared Technology LLC lifted its holdings in shares of Similarweb by 12.9% in the 4th quarter. S Squared Technology LLC now owns 775,161 shares of the company’s stock worth $5,806,000 after acquiring an additional 88,489 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Similarweb in the 4th quarter valued at $1,255,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.
Wall Street Analysts Forecast Growth
SMWB has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday. Oppenheimer lifted 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, Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and increased their target price for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.71.
Read Our Latest Stock Analysis on Similarweb
About Similarweb
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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