Similarweb (NYSE:SMWB) CEO Or Offer Sells 134,992 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 134,992 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $8.87, for a total value of $1,197,379.04. Following the sale, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at approximately $40,786,841.17. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The shares were sold at an average price of $8.80, for a total value of $5,056,524.00.
• On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $207,500.00.
• On Tuesday, May 19th, Or Offer purchased 53,000 shares of Similarweb stock. The shares were purchased at an average price of $3.58 per share, with a total value of $189,740.00.

Similarweb Stock Performance

NYSE SMWB opened at $8.53 on Tuesday. The business has a fifty day moving average price of $6.42 and a 200 day moving average price of $4.37. The company has a market cap of $747.23 million, a P/E ratio of -34.12 and a beta of 1.13. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75.

Similarweb (NYSE:SMWB) last announced its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.19 million for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. As a group, sell-side analysts predict that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.

Institutional Trading of Similarweb

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Phoenix Financial Ltd. lifted its position in Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after buying an additional 1,292,700 shares during the last quarter. Lavelle Capital LP purchased a new stake in shares of Similarweb in the 1st quarter valued at approximately $529,000. Renaissance Technologies LLC lifted its holdings in shares of Similarweb by 104.6% in the 1st 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. Militia Capital Management LLC acquired a new position in Similarweb during the first quarter worth $572,000. Finally, UBS Group AG boosted its position in shares of Similarweb by 71.4% during the fourth quarter. UBS Group AG now owns 536,549 shares of the company’s stock worth $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.

Analysts Set New Price Targets

Several research firms recently commented on SMWB. Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a report on Saturday. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Citigroup boosted their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays upped their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.14.

About Similarweb

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.