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flag Clearbridge Investments cuts Wix.com shares despite company's revenue and stock value rising.

flag Clearbridge Investments LLC reduced its stock position in Wix.com Ltd. by selling 150,985 shares in the fourth quarter, leaving it with 1,051,035 shares. flag This move comes despite Wix.com's stock seeing a 9.7% increase during the same period. flag Wix.com, a cloud-based web development platform, reported a 14% year-over-year revenue increase to $460 million in Q4 2024, attributed to growth in its digital enterprise area, including AI innovations.

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