Similarweb (NYSE:SMWB) CEO Sells $1,197,379.04 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 134,992 shares of the company’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 transaction of $1,197,379.04. Following the transaction, the chief executive officer directly owned 4,598,291 shares of the company’s stock, valued at $40,786,841.17. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The stock was bought at an average price of $4.15 per share, for a total transaction of $207,500.00.
• On Tuesday, May 19th, Or Offer acquired 53,000 shares of Similarweb stock. The shares were bought at an average cost of $3.58 per share, with a total value of $189,740.00.

Similarweb Stock Down 2.4%

SMWB stock opened at $8.37 on Thursday. The company has a market cap of $732.95 million, a price-to-earnings ratio of -33.47 and a beta of 1.14. The business has a fifty day simple moving average of $6.60 and a 200-day simple moving average of $4.41. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.75.

Similarweb (NYSE:SMWB) last issued its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share 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 for the quarter. As a group, analysts expect that Similarweb Ltd. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Similarweb

A number of large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Similarweb in the 3rd quarter worth $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb during the third quarter valued at about $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb during the fourth quarter valued at about $85,000. Boothbay Fund Management LLC purchased a new stake in shares of Similarweb during the fourth quarter worth about $90,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Similarweb in the second quarter worth about $146,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SMWB shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Barclays lifted their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Oppenheimer boosted their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their price objective on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company 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.