Similarweb (NYSE:SMWB) CEO Or Offer Acquires 53,000 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer purchased 53,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $3.58 per share, for a total transaction of $189,740.00. Following the completion of the acquisition, the chief executive officer directly owned 4,694,396 shares in the company, valued at $16,805,937.68. The trade was a 1.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 18th, Or Offer purchased 3,105 shares of Similarweb stock. The stock was bought at an average cost of $3.20 per share, for a total transaction of $9,936.00.

Similarweb Stock Up 4.1%

NYSE SMWB opened at $3.83 on Thursday. The company has a market cap of $335.51 million, a PE ratio of -10.94 and a beta of 1.11. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.75. The firm’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $4.97.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $73.88 million for the quarter, compared to the consensus estimate of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. As a group, equities research analysts anticipate that Similarweb Ltd. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Similarweb

A number of institutional investors and hedge funds have recently modified their holdings of the company. Phoenix Financial Ltd. lifted its holdings in shares of Similarweb by 43.2% in the fourth 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 in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after purchasing an additional 881,652 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Similarweb by 3.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,106,157 shares of the company’s stock worth $28,887,000 after purchasing an additional 100,000 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares during the last quarter. Finally, Penn Capital Management Company LLC grew its position in Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares during the last quarter. 57.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SMWB has been the topic of several recent research reports. Citizens Jmp downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Northland Securities downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a report on Wednesday, February 18th. Citigroup downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $8.50 to $3.00 in a report on Friday, April 10th. William Blair downgraded shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Barclays dropped their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.07.

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.