Similarweb (NYSE:SMWB) CEO Or Offer Acquires 50,000 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $4.15 per share, with a total value of $207,500.00. Following the completion of the acquisition, the chief executive officer directly owned 4,744,396 shares in the company, valued at approximately $19,689,243.40. This represents a 1.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 19th, Or Offer acquired 53,000 shares of Similarweb stock. The stock was acquired at an average cost of $3.58 per share, with a total value of $189,740.00.
• On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The stock was acquired at an average cost of $3.20 per share, with a total value of $9,936.00.

Similarweb Price Performance

Shares of SMWB stock opened at $4.39 on Wednesday. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.75. The firm has a market capitalization of $384.13 million, a price-to-earnings ratio of -12.53 and a beta of 1.25. The business has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $4.72.

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

Institutional Investors Weigh In On Similarweb

Institutional investors have recently added to or reduced their stakes in the company. Phoenix Financial Ltd. lifted its position in shares of Similarweb by 43.2% during the 4th 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 last quarter. Menora Mivtachim Holdings LTD. lifted its position in shares of Similarweb by 37.9% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after acquiring an additional 881,652 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after acquiring an additional 1,525,230 shares during the last quarter. Penn Capital Management Company LLC lifted its position in shares of Similarweb by 299.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after acquiring an additional 1,233,928 shares during the last quarter. Finally, Nuveen LLC lifted its position in shares of Similarweb by 2.5% during the 4th quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after acquiring an additional 37,457 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SMWB. Northland Securities downgraded Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a research report on Wednesday, February 18th. Oppenheimer cut their target price on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Barclays cut their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Finally, Citigroup downgraded Similarweb from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Similarweb presently has a consensus rating of “Hold” and a consensus price target of $7.07.

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.