Similarweb (NYSE:SMWB) CEO Or Offer Sells 383,127 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 383,127 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $9.00, for a total transaction of $3,448,143.00. Following the completion of the sale, the chief executive officer directly owned 4,598,291 shares in the company, valued at approximately $41,384,619. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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.
• On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $207,500.00.

Similarweb Price Performance

SMWB stock opened at $9.04 on Thursday. The company’s 50 day simple moving average is $6.99 and its 200-day simple moving average is $4.55. The firm has a market capitalization of $791.90 million, a PE ratio of -36.16 and a beta of 1.14. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (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.

Institutional Investors Weigh In On Similarweb

Hedge funds have recently modified their holdings of the stock. Phoenix Financial Ltd. raised its position in shares of Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after buying an additional 1,292,700 shares during the period. Lavelle Capital LP purchased a new position in shares of Similarweb in the 1st quarter worth about $529,000. Renaissance Technologies LLC lifted its stake in shares of 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 in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Similarweb during the 1st quarter worth about $616,000. Finally, UBS Group AG raised its holdings in Similarweb by 71.4% in the fourth 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. 57.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen raised Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Oppenheimer upped their target price on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays raised their price target 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. Finally, Citigroup lifted their price target on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.14.

Similarweb Company Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.