Similarweb (NYSE:SMWB) CEO Sells $695,578.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 86,300 shares of Similarweb stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $8.06, for a total transaction of $695,578.00. Following the completion of the transaction, the chief executive officer directly owned 4,451,291 shares of the company’s stock, valued at $35,877,405.46. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The stock was sold at an average price of $8.33, for a total transaction of $505,631.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00.
• 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 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 value of $1,197,379.04.

Similarweb Trading Down 0.4%

Shares of Similarweb stock opened at $8.07 on Friday. The business’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $4.95. The stock has a market capitalization of $706.67 million, a price-to-earnings ratio of -32.27 and a beta of 1.21. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.35.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $77.19 million during the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SMWB. Phoenix Financial Ltd. raised its stake in shares of Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after purchasing an additional 1,292,700 shares in the last quarter. Wellington Management Group LLP grew its position in Similarweb by 22.2% in the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after buying an additional 657,928 shares in the last quarter. Nuveen LLC grew its position in Similarweb by 2.5% in the 4th quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after buying an additional 37,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Similarweb by 2.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock valued at $8,784,000 after buying an additional 23,881 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock valued at $6,388,000 after buying an additional 3,170 shares during the period. Institutional investors own 57.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barclays boosted their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Oppenheimer upped their target price on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their price target for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Four 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.