Key Points
- CEO Or Offer sold 52,900 Similarweb shares at an average price of $8.54, generating $451,766. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 1.22% to 4.28 million shares.
- Similarweb shares opened at $8.33, with a market capitalization of approximately $729.7 million. The company reported quarterly revenue of $77.19 million and earnings of $0.06 per share, but continued to post negative net margins and return on equity.
- Analyst sentiment is mixed but improving: the consensus rating is Hold with a $9.71 price target, while several firms recently upgraded the stock or raised their targets to between $10 and $11.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 26,691 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $8.53, for a total value of $227,674.23. Following the completion of the sale, the chief executive officer directly owned 4,253,500 shares of the company's stock, valued at approximately $36,282,355. This represents a 0.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 transaction of $451,766.00.
- 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 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 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 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 shares were sold at an average price of $8.87, for a total value of $1,197,379.04.
Similarweb Trading Down 1.7%
Shares of Similarweb stock opened at $8.33 on Thursday. The company's fifty day simple moving average is $7.85 and its two-hundred day simple moving average is $5.09. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.19. The company has a market cap of $729.71 million, a P/E ratio of -33.32 and a beta of 1.21.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The company had revenue of $77.19 million for the quarter.
Institutional Trading of Similarweb
A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position 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 worth $22,219,000 after purchasing an additional 657,928 shares in the last quarter. S Squared Technology LLC increased its position in Similarweb by 12.9% during the 4th quarter. S Squared Technology LLC now owns 775,161 shares of the company's stock valued at $5,806,000 after buying an additional 88,489 shares in the last quarter. Royce & Associates LP raised its stake in 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 buying an additional 43,078 shares during the last quarter. UBS Group AG boosted its holdings in Similarweb by 71.4% in the fourth quarter. UBS Group AG now owns 536,549 shares of the company's stock worth $4,019,000 after acquiring an additional 223,562 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company's stock worth $1,931,000 after acquiring an additional 378,200 shares in the last quarter. 57.59% of the stock is owned by institutional investors.
Analyst Ratings Changes
SMWB has been the topic of a number of research analyst reports. Oppenheimer upped their target price on Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Needham & Company LLC raised Similarweb from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research note on Wednesday. Barclays increased their price objective on Similarweb from $5.00 to $11.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Citigroup boosted their target price on shares of Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.71.
Check Out Our Latest Analysis on SMWB
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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