Avishai Abrahami is a 46-year-old entrepreneur. He is the Chief Executive Officer, Director, and Co-Founder of Wix.com. He Co-founded it on October 5, 2006, together with; Nadav Abrahami and Giora Kaplan. It is headquartered in Tel Aviv, Israel. Wix.com is one of the leading cloud-based development platforms with a large sum of users, estimated to be over millions of users around the globe. Their main aim is to make the creation process of a beautiful, professional website presence easier. The website helps one to promote their business, showcase their art, set up an online shop or to just test out their new ideas.Wix.com has everything you may need in order to create a personalized, and have a high-quality website.
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Biography of Avishai Abrahami
Abrahami has been the Chief Executive Officer and Director of Wix.com since the year 2006. He has served as the Chairman of the board from November 2013 up until February 2016. Thereafter, in the same year, he was appointed to be the Honorary Chairman. Currently, Abrahami serves as a member of the board of directors of SodaStream International Ltd. He was also the Vice President of Strategic Alliance at Arel Communications and Software Ltd during the years 2004 to 2006. Arel Communications and Software Ltd is a private company that specializes in communication technology. During the year 1998, he Co-founded Sphera Corporation which was a private company that developed software for managing data centers, and he served as the Chief Technology Officer up until the year 2000. He then served in the same company as the Vice President of product marketing from the year 2000 to the year 2003. In the year of 1993, he got to be the Co-founder of ALT Ltd. This is a private Israeli Corporation. It was a software company and he got to serve as its Chief Technology Officer until they sold the company in 1997. Avishai Abrahami got to serve in the Defense Force of Israeli in the elite compute intelligence unit that is from 1990 up to 1992.
A Brief Description of Wix.com which was Co-founded by Avishai Abrahami
Wix.com is involved in the making of website development, designing, and management solutions and applications. It offers its client, free design templates for personal and business use, website design and layout tools, website hosting through the Wix domain, applications from the application market, blog and social network page support, and a lot more other marketing and workflow management applications and services. The organization also offers its client eCommerce and appointment applications and marketing tools including mailing lists and Google Analytics.
The Net Worth of Wix.com & CEO Avishai Abrahami
Wix.com is estimated to be worth $4.5 billion. The company raised 66% around June 2018 and its share price was near $100, it closed at the record of $95.8, making the Israel Internet company a market up of $4.5 billion. The company made a return of 480% in June 2018 compared to its IPO in 2014. The company made $16.5 per share in its IPO in 2013 on NASDAQ. In February 2014 the share price rose reaching a peak of $31. However, for the longest period, the share price lowered and traded at the range of $18 to $25. In 2016 things started to look up again as the share price started to climb steeply, reaching a peak of $82 in the year 2017. As much as the thing turned around and looked good for Wix.com, the challenges they faced were not over yet as in the middle of the year 2017 the stock turned into negative again. The share price dropped again to become $50. Through the rollercoaster that the company had to face as the share price elevated and declined again, the company took another turn, a positive one this time as in December in 2017 the stock price elevated again and has been up ever since.
The company obviously has a fair number of shareholders as it has proven it worth and everyone wants a piece of it. Chief Executive Officer, Director, and Co-founder Avishai Abrahami holds shares estimated to be worth $156 million and has made a paper gain that has been estimated to be $62.3 million in the mid of 2018.
Wix.com stock price seems to be going in a positive direction as most analyst that covers the stock seem to think that at the current state it is in, actually appears to be very assuring and positive because the average target share price made by analysts for Wix.com is $92.4, in which currently it has been found to be below market. However, most analysts still maintain the fact that the company’s share price still looks positive in the future and they do not recommend the Executives to sell the company.
Avishai Abrahami has proven himself to be a great entrepreneur who has run several successful organizations. His skill, experience, and commitment have played a huge role in making Wix.com be what it is today. He has become an inspiration to many people by him being hardworking and his undeniable intelligence. The company has obviously faced some challenges in the past especially during the year 2017 as the stock price kept going up and down, but somehow it managed to strive. It no secret that there might be other problems Wix.com might face in the future like every organization does, but there is no hesitation that the company will survive every storm. As the analyst has predicted, we are all looking forward to those stock prices to go up.