Key Points
- Similarweb CEO Or Offer sold 59,000 shares at an average price of $8.05, generating $474,950. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 4.33 million shares.
- The sale follows several additional insider disposals in recent weeks, including sales of 59,200 shares on September 10 and 86,300 shares on September 9, as well as larger sales in August.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus price target of $10.14; institutional investors own approximately 57.6% of Similarweb.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 59,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $8.05, for a total value of $474,950.00. Following the transaction, the chief executive officer owned 4,333,091 shares of the company's stock, valued at $34,881,382.55. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.
Similarweb Trading Up 6.6%
Shares of Similarweb stock opened at $8.61 on Tuesday. The stock has a market capitalization of $753.81 million, a price-to-earnings ratio of -34.42 and a beta of 1.21. The firm's 50-day moving average price is $7.77 and its two-hundred day moving average price is $5.01. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.26.
Similarweb (NYSE:SMWB - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.19 million during the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SMWB. Lavelle Capital LP bought a new stake in Similarweb in the first quarter valued at approximately $529,000. Renaissance Technologies LLC boosted its position in shares of Similarweb by 104.6% during the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company's stock worth $1,931,000 after purchasing an additional 378,200 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of Similarweb during the first quarter worth $616,000. Wellington Management Group LLP grew its holdings in shares of 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 during the period. Finally, UBS Group AG grew its holdings in shares of Similarweb by 71.4% in the 4th quarter. UBS Group AG now owns 536,549 shares of the company's stock valued at $4,019,000 after buying an additional 223,562 shares during the period. Institutional investors and hedge funds own 57.59% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on SMWB shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Citigroup upped their target price on shares of Similarweb from $7.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Oppenheimer increased their price target on shares of Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Barclays raised their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Finally, Northland Securities raised Similarweb from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.14.
Get Our Latest Stock Report on Similarweb
Similarweb Company Profile
(
Get Free Report)
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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