Similarweb (NYSE:SMWB) CEO Sells $505,631.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 60,700 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $8.33, for a total value of $505,631.00. Following the transaction, the chief executive officer owned 4,537,591 shares of the company’s stock, valued at $37,798,133.03. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 9th, Or Offer sold 86,300 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total transaction of $695,578.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The shares were 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 transaction of $5,056,524.00.
• On Friday, August 14th, Or Offer sold 134,992 shares of Similarweb stock. The stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Stock Performance

Shares of NYSE SMWB opened at $8.07 on Friday. The firm’s 50 day moving average price is $7.72 and its 200-day moving average price is $4.95. The company has a market cap of $706.67 million, a PE ratio of -32.27 and a beta of 1.21. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.35.

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

Analyst Ratings Changes

A number of research firms have commented on SMWB. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Oppenheimer upped their price target on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen cut Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Finally, Citigroup boosted their target price on 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Similarweb has an average rating of “Hold” and a consensus target price of $10.14.

Institutional Investors Weigh In On Similarweb

Hedge funds have recently added to or reduced their stakes in the stock. Lavelle Capital LP purchased a new stake in Similarweb during the first quarter valued at $529,000. Phoenix Financial Ltd. lifted its holdings 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 acquiring an additional 1,292,700 shares during the period. Renaissance Technologies LLC boosted its position in Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after purchasing an additional 378,200 shares during the last quarter. Militia Capital Management LLC purchased a new position in Similarweb in the first quarter worth about $616,000. Finally, Wellington Management Group LLP grew its stake in shares of Similarweb by 22.2% during the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after purchasing an additional 657,928 shares during the period. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

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.