Similarweb (NYSE:SMWB) CEO Or Offer Sells 52,900 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 52,900 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $8.54, for a total transaction of $451,766.00. Following the transaction, the chief executive officer owned 4,280,191 shares of the company’s stock, valued at approximately $36,552,831.14. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction 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 stock was 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 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 value of $1,197,379.04.

Similarweb Stock Performance

Shares of SMWB opened at $8.33 on Thursday. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.19. The stock has a market capitalization of $729.71 million, a price-to-earnings ratio of -33.32 and a beta of 1.21. The stock has a 50 day moving average price of $7.85 and a 200 day moving average price of $5.09.

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

Analysts Set New Price Targets

SMWB has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. 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 report on Wednesday. Barclays raised their target price on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Oppenheimer boosted 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. Finally, Citigroup upped their price target on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMWB. Lavelle Capital LP acquired a new stake in Similarweb during the first quarter worth about $529,000. Renaissance Technologies LLC boosted its holdings in Similarweb by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after purchasing an additional 378,200 shares during the last quarter. Militia Capital Management LLC acquired a new position in Similarweb in the 1st quarter valued at about $616,000. Wellington Management Group LLP grew its stake 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 stake 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. Hedge funds and other institutional investors own 57.59% of the company’s stock.

About Similarweb

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.