Similarweb (NYSE:SMWB) CEO Or Offer Sells 383,127 Shares

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 383,127 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00. Following the completion of the transaction, the chief executive officer owned 4,598,291 shares in the company, valued at $41,384,619. This represents a 7.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.
• On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $207,500.00.

Similarweb Price Performance

Shares of Similarweb stock opened at $9.14 on Friday. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The firm has a market cap of $800.93 million, a price-to-earnings ratio of -36.57 and a beta of 1.14. The company has a 50-day moving average of $7.07 and a 200 day moving average of $4.58.

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

Institutional Investors Weigh In On Similarweb

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in Similarweb in the 3rd quarter worth approximately $25,000. Wexford Capital LP purchased a new stake in Similarweb during the 3rd quarter valued at $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb in the 4th quarter worth $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb in the 4th quarter worth $90,000. Finally, Nebula Research & Development LLC bought a new stake in shares of Similarweb in the 2nd quarter worth $146,000. Institutional investors own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SMWB shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Citigroup increased their target price on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Oppenheimer raised 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. Finally, Barclays lifted their price target on Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Four research 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. Based on data from MarketBeat, Similarweb has an average rating of “Hold” and an average target price 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.