Key Points
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Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 32,200 shares of Similarweb stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $8.40, for a total transaction of $270,480.00. Following the completion of the sale, the chief executive officer owned 4,107,681 shares of the company's stock, valued at $34,504,520.40. This trade represents a 0.78% decrease in their ownership of the stock. The transaction 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 Friday, September 18th, Or Offer sold 37,500 shares of Similarweb stock. The shares were sold at an average price of $8.25, for a total transaction of $309,375.00.
- On Thursday, September 17th, Or Offer sold 30,400 shares of Similarweb stock. The stock was sold at an average price of $8.35, for a total transaction of $253,840.00.
- 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 shares were 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 value of $227,674.23.
- 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 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 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 value 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 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 transaction of $3,448,143.00.
Similarweb Price Performance
SMWB stock opened at $8.47 on Wednesday. The company has a market capitalization of $741.97 million, a P/E ratio of -33.88 and a beta of 1.21. The firm's fifty day simple moving average is $7.98 and its 200-day simple moving average is $5.25. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $9.87.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.
Institutional Investors Weigh In On Similarweb
Several large investors have recently bought and sold shares of SMWB. Wellington Management Group LLP increased its stake in Similarweb by 22.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company's stock worth $22,219,000 after buying an additional 657,928 shares in the last quarter. S Squared Technology LLC lifted its position in shares of Similarweb by 12.9% in the fourth quarter. S Squared Technology LLC now owns 775,161 shares of the company's stock valued at $5,806,000 after acquiring an additional 88,489 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Similarweb by 8.7% in 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 during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Similarweb during the fourth quarter worth approximately $1,348,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on SMWB shares. Oppenheimer boosted their target price 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 lifted their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" 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 for the company in a research report on Wednesday, September 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Similarweb from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Similarweb currently has an average rating of "Hold" and a consensus target price of $9.71.
View Our Latest Stock Report on Similarweb
About Similarweb
(
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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