Or Offer Sells 37,500 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 37,500 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $8.25, for a total value of $309,375.00. Following the completion of the transaction, the chief executive officer directly owned 4,139,881 shares in the company, valued at approximately $34,154,018.25. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Or Offer also recently made the following trade(s):

• On Monday, September 21st, Or Offer sold 32,200 shares of Similarweb stock. The shares were sold at an average price of $8.40, for a total transaction of $270,480.00.
• 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 value 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 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 transaction 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 transaction 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 shares were 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 stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00.

Similarweb Price Performance

Shares of NYSE:SMWB opened at $8.47 on Tuesday. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $9.87. The company has a market cap of $741.97 million, a PE ratio of -33.88 and a beta of 1.21. The stock’s 50-day moving average is $7.94 and its 200 day moving average is $5.21.

Similarweb (NYSE:SMWB) last released 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

SMWB has been the subject of a number of research reports. Needham & Company LLC raised shares of 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, September 16th. Wall Street Zen cut Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Citigroup upped their target price on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Oppenheimer raised 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. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.71.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Similarweb by 22.2% during the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after purchasing an additional 657,928 shares in the last quarter. S Squared Technology LLC increased its position in Similarweb by 12.9% during the 4th quarter. S Squared Technology LLC now owns 775,161 shares of the company’s stock valued at $5,806,000 after buying an additional 88,489 shares in the last quarter. Royce & Associates LP raised its stake in Similarweb by 8.7% during the fourth quarter. Royce & Associates LP now owns 537,406 shares of the company’s stock valued at $4,025,000 after buying an additional 43,078 shares during the last quarter. Renaissance Technologies LLC grew 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 bought a new position in shares of Similarweb during the fourth quarter valued at $1,348,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.