Similarweb (NYSE:SMWB) CEO Purchases $189,740.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer purchased 53,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $3.58 per share, for a total transaction of $189,740.00. Following the completion of the transaction, the chief executive officer directly owned 4,694,396 shares in the company, valued at $16,805,937.68. This represents a 1.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, May 18th, Or Offer purchased 3,105 shares of Similarweb stock. The shares were bought at an average price of $3.20 per share, for a total transaction of $9,936.00.

Similarweb Trading Up 9.0%

SMWB stock opened at $4.12 on Friday. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.75. The company has a market capitalization of $361.00 million, a price-to-earnings ratio of -11.77 and a beta of 1.11. The firm’s 50-day moving average is $2.84 and its two-hundred day moving average is $4.93.

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

Institutional Trading of Similarweb

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $25,000. Wexford Capital LP bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb in the 4th quarter worth approximately $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb in the 4th quarter worth approximately $90,000. Finally, Fullcircle Wealth LLC bought a new stake in shares of Similarweb in the 3rd quarter worth approximately $140,000. 57.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.