Key Points
- Similarweb CEO Or Offer sold 30,400 shares at an average price of $8.35, generating $253,840. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving Offer with 4.18 million shares.
- Offer has made numerous additional sales in recent weeks, including transactions totaling several million dollars, indicating sustained insider selling activity.
- Similarweb shares opened at $8.22, while analysts maintain a consensus “Hold” rating with an average price target of $9.71. The company recently reported $77.19 million in quarterly revenue and $0.06 in earnings per share.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 30,400 shares of the business's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $8.35, for a total value of $253,840.00. Following the completion of the sale, the chief executive officer directly owned 4,177,381 shares of the company's stock, valued at approximately $34,881,131.35. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a legal 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 value 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 value 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 value 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 value 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 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 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 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 Similarweb stock opened at $8.22 on Friday. The company's fifty day simple moving average is $7.91 and its two-hundred day simple moving average is $5.16. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.04. The firm has a market cap of $720.42 million, a PE ratio of -32.90 and a beta of 1.21.
Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. The firm 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%.
Hedge Funds Weigh In On Similarweb
Several hedge funds and other institutional investors have recently modified their holdings of SMWB. Integrated Wealth Concepts LLC bought a new position in Similarweb in the second quarter worth about $92,000. Bank of America Corp DE boosted its position in Similarweb by 475.3% during the 1st 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 in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Similarweb during the 4th quarter valued at approximately $1,255,000. Persistent Asset Partners Ltd purchased a new position in shares of Similarweb during the 4th quarter worth approximately $1,348,000. Finally, Lavelle Capital LP purchased a new position in shares of Similarweb during the 1st quarter worth approximately $529,000. Hedge funds and other institutional investors own 57.59% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on SMWB shares. Northland Securities raised Similarweb from a "market perform" rating to an "outperform" rating and upped their price target for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Oppenheimer boosted their target price on Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Citigroup boosted their target price on Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Weiss Ratings restated a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Finally, Needham & Company LLC raised 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. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $9.71.
Check Out Our Latest Research Report 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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