Similarweb (NYSE:SMWB) CEO Sells 86,300 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 86,300 shares of Similarweb stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $8.06, for a total value of $695,578.00. Following the transaction, the chief executive officer owned 4,451,291 shares in the company, valued at approximately $35,877,405.46. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The shares were sold at an average price of $8.33, for a total transaction of $505,631.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00.
• On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The stock was sold at an average price of $8.80, for a total transaction of $5,056,524.00.
• 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.

Similarweb Price Performance

Shares of SMWB stock traded up $0.04 during trading on Thursday, hitting $8.09. 81,108 shares of the stock traded hands, compared to its average volume of 888,253. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.35. The firm has a market capitalization of $708.25 million, a P/E ratio of -32.30 and a beta of 1.21. The firm’s fifty day moving average price is $7.64 and its 200-day moving average price is $4.89.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The company 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%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Phoenix Financial Ltd. grew its stake in Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after purchasing an additional 1,292,700 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Similarweb by 22.2% in the 2nd quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after buying an additional 657,928 shares during the period. Nuveen LLC grew its position in shares of Similarweb by 2.5% during the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock worth $11,388,000 after buying an additional 37,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Similarweb by 2.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company’s stock valued at $8,784,000 after acquiring an additional 23,881 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Similarweb by 0.4% in the fourth 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. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on SMWB shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Barclays upped their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Wall Street Zen raised shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Finally, Oppenheimer upped their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.