Or Offer Sells 574,605 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 574,605 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $8.80, for a total value of $5,056,524.00. Following the completion of the transaction, the chief executive officer directly owned 4,598,291 shares of the company’s stock, valued at approximately $40,464,960.80. The trade was a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 14th, Or Offer sold 134,992 shares of Similarweb stock. The shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.
• On Monday, June 1st, Or Offer acquired 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.
• On Tuesday, May 19th, Or Offer purchased 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.

Similarweb Stock Performance

NYSE SMWB opened at $8.88 on Monday. The stock has a market capitalization of $777.45 million, a P/E ratio of -35.50 and a beta of 1.13. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The business’s fifty day moving average is $6.34 and its two-hundred day moving average is $4.35.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $77.19 million during the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%. On average, research analysts forecast that Similarweb Ltd. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SMWB shares. Citigroup increased their price target on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays upped their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday. Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday. Finally, Oppenheimer boosted their price target on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Four 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in Similarweb in the 3rd quarter worth about $25,000. Wexford Capital LP purchased a new position in Similarweb during the 3rd quarter valued at about $64,000. Brooklyn Investment Group acquired a new position in shares of Similarweb in the 4th quarter valued at about $85,000. Boothbay Fund Management LLC acquired a new position in shares of Similarweb in the 4th quarter valued at about $90,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Similarweb in the second quarter worth approximately $146,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.