Similarweb (NYSE:SMWB) CEO Or Offer Sells 26,691 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 26,691 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $8.53, for a total transaction of $227,674.23. Following the transaction, the chief executive officer directly owned 4,253,500 shares of the company’s stock, valued at $36,282,355. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 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 value 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 value 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 value 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 shares were 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 Price Performance

Similarweb stock opened at $8.33 on Thursday. The stock’s 50 day moving average is $7.85 and its 200 day moving average is $5.09. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.19. The firm has a market cap of $729.71 million, a P/E ratio of -33.32 and a beta of 1.21.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The business had revenue of $77.19 million during the quarter.

Analysts Set New Price Targets

A number of analysts have commented on SMWB shares. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday. Wall Street Zen lowered shares of Similarweb from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Barclays increased their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Oppenheimer upped their target price on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Similarweb presently has an average rating of “Hold” and a consensus price target of $9.71.

Institutional Trading of Similarweb

A number of institutional investors have recently added to or reduced their stakes in SMWB. Integrated Wealth Concepts LLC purchased a new position in Similarweb during the 2nd quarter valued at about $92,000. Bank of America Corp DE boosted its position in shares of 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. Lavelle Capital LP purchased a new position in Similarweb during the first quarter valued at approximately $529,000. Militia Capital Management LLC purchased a new stake in Similarweb in the 1st quarter worth approximately $572,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Similarweb during the fourth quarter worth about $1,255,000. Hedge funds and other 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.