Tamar Rapaport-Dagim Purchases 40,000 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) Director Tamar Rapaport-Dagim purchased 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $3.22 per share, for a total transaction of $128,800.00. Following the completion of the acquisition, the director directly owned 63,584 shares of the company’s stock, valued at $204,740.48. This trade represents a 169.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Similarweb Trading Up 4.1%

Shares of Similarweb stock opened at $3.83 on Thursday. The business’s fifty day simple moving average is $2.79 and its 200 day simple moving average is $4.97. The firm has a market capitalization of $335.51 million, a P/E ratio of -10.94 and a beta of 1.11. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. Analysts predict that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SMWB shares. Northland Securities lowered Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research note on Wednesday, February 18th. William Blair lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.07.

Hedge Funds Weigh In On Similarweb

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in Similarweb in the 3rd quarter worth $25,000. New York State Common Retirement Fund grew its holdings in Similarweb by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after acquiring an additional 3,170 shares during the last quarter. PDT Partners LLC grew its holdings in Similarweb by 3.9% in the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock worth $771,000 after acquiring an additional 3,717 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Similarweb by 31.9% in the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock worth $184,000 after acquiring an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Similarweb by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock worth $403,000 after acquiring an additional 5,235 shares during the last quarter. 57.59% of the stock is currently owned by 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.