Similarweb (NYSE:SMWB) CEO Or Offer Sells 45,719 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 45,719 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $8.40, for a total value of $384,039.60. Following the transaction, the chief executive officer directly owned 4,207,781 shares in the company, valued at approximately $35,345,360.40. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a 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 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 value of $253,840.00.
• 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 transaction of $451,766.00.
• On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The stock was 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 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 stock was 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 transaction of $3,448,143.00.
• On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The stock was 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 shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Stock Down 1.4%

Shares of SMWB opened at $8.22 on Friday. The stock has a market capitalization of $720.42 million, a P/E ratio of -32.90 and a beta of 1.21. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.04. The firm has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $5.16.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SMWB. Wellington Management Group LLP lifted its position in Similarweb by 22.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after acquiring an additional 657,928 shares during the period. Renaissance Technologies LLC grew 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 purchasing an additional 378,200 shares during the period. Militia Capital Management LLC purchased a new stake in Similarweb in the first quarter worth about $616,000. UBS Group AG increased its stake in shares of Similarweb by 71.4% during the fourth quarter. UBS Group AG now owns 536,549 shares of the company’s stock valued at $4,019,000 after purchasing an additional 223,562 shares in the last quarter. Finally, Lavelle Capital LP bought a new position in shares of Similarweb during the first quarter valued at approximately $529,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SMWB. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Oppenheimer upped their target price on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Similarweb from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Finally, Citigroup upped their price objective on shares of Similarweb from $7.00 to $9.00 and gave the stock 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.71.

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.