Similarweb (NYSE:SMWB) CEO Sells 59,200 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 59,200 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $8.06, for a total value of $477,152.00. Following the completion of the sale, the chief executive officer owned 4,392,091 shares of the company’s stock, valued at approximately $35,400,253.46. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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 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 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 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 stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Trading Up 5.2%

NYSE SMWB traded up $0.42 on Monday, hitting $8.49. 100,648 shares of the company’s stock were exchanged, compared to its average volume of 885,768. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.26. The stock has a 50-day moving average of $7.72 and a 200-day moving average of $4.97. The stock has a market cap of $743.99 million, a price-to-earnings ratio of -33.94 and a beta of 1.21.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. 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. Wall Street Zen cut Similarweb from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Citigroup raised their price objective on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, Barclays boosted their target price on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.14.

Institutional Trading of Similarweb

Several institutional investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC bought a new stake in shares of Similarweb in the 3rd quarter valued at $25,000. Wexford Capital LP acquired a new position in shares of Similarweb in the 3rd quarter valued at about $64,000. Brooklyn Investment Group bought a new stake in Similarweb in the fourth quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new position in Similarweb in the fourth quarter valued at approximately $90,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Similarweb during the 2nd quarter worth approximately $92,000. 57.59% of the stock is currently owned by institutional investors.

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.