Or Offer Sells 30,400 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWBGet Free Report) CEO Or Offer sold 30,400 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $8.35, for a total transaction of $253,840.00. Following the completion of the transaction, the chief executive officer owned 4,177,381 shares in the company, valued at approximately $34,881,131.35. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Wednesday, September 16th, Or Offer sold 45,719 shares of Similarweb stock. The shares were sold at an average price of $8.40, for a total transaction of $384,039.60.
  • On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The shares were sold at an average price of $8.54, for a total transaction of $451,766.00.
  • On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The stock was sold at an average price of $8.53, for a total transaction of $227,674.23.
  • On Friday, September 11th, Or Offer sold 59,000 shares of Similarweb stock. The shares were sold at an average price of $8.05, for a total value of $474,950.00.
  • On Thursday, September 10th, Or Offer sold 59,200 shares of Similarweb stock. The shares were sold at an average price of $8.06, for a total transaction of $477,152.00.
  • On Wednesday, September 9th, Or Offer sold 86,300 shares of Similarweb stock. The shares were sold at an average price of $8.06, for a total transaction of $695,578.00.
  • On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The stock was 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 shares were 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 value of $1,197,379.04.

Similarweb Price Performance

Similarweb stock opened at $8.33 on Friday. The firm has a market cap of $729.72 million, a PE ratio of -33.32 and a beta of 1.21. The stock’s fifty day moving average price is $7.88 and its two-hundred day moving average price is $5.13. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.13.

Similarweb (NYSE:SMWBGet Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The firm had revenue of $77.19 million during the quarter.

Institutional Trading of Similarweb

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Similarweb during the 2nd quarter worth approximately $92,000. Wellington Management Group LLP lifted its holdings in shares of Similarweb by 22.2% during the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock worth $22,219,000 after purchasing an additional 657,928 shares during the period. Militia Capital Management LLC bought a new position in Similarweb during the 1st quarter worth $616,000. Lavelle Capital LP acquired a new position in Similarweb during the 1st quarter worth about $529,000. Finally, Bank of America Corp DE increased its stake in shares of Similarweb by 475.3% in the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after buying an additional 52,863 shares during the period. 57.59% of the stock is currently owned by institutional investors.

Trending Headlines about Similarweb

Here are the key news stories impacting Similarweb this week:

  • Positive Sentiment: Needham upgraded Similarweb from Hold to Buy, citing the company’s artificial-intelligence initiatives and focused go-to-market strategy as factors that could support stronger sales growth. Needham set an $11 price target, implying additional upside from recent trading levels. Needham upgrades Similarweb to Buy
  • Positive Sentiment: The analyst upgrade follows other favorable target-price changes, including Barclays’ $11 target and Oppenheimer’s $8.50 target, reinforcing the view that Similarweb’s improving growth prospects may not yet be fully reflected in the share price. Similarweb rallies after Needham points to strong sales potential
  • Neutral Sentiment: Institutional ownership remains substantial at approximately 57.6%. Wellington Management, Renaissance Technologies and UBS were among firms that increased their positions, providing evidence of institutional interest; however, these holdings reflect earlier reporting periods rather than an immediate catalyst. Similarweb insider trading report
  • Negative Sentiment: CEO Or Offer sold 52,900 shares for about $451,766 on September 14 and another 26,691 shares for approximately $227,674 on September 15. The transactions were made under a pre-arranged Rule 10b5-1 plan, which reduces their value as a discretionary bearish signal, but the repeated sales may still weigh on sentiment. The CEO continues to own roughly 4.25 million shares. Similarweb CEO stock sale

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and raised their target price for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Needham & Company LLC upgraded Similarweb from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Wednesday. Barclays raised their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Citigroup upped their price objective on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.71.

Read Our Latest Research Report on SMWB

About Similarweb

(Get Free Report)

Similarweb Ltd. is a digital intelligence company that provides data and analytics about online activity. Its platform helps organizations analyze website and mobile application performance, understand audience behavior, evaluate competitors, and identify trends across digital markets.

The company’s products support a range of business functions, including marketing, sales, market research, search engine optimization, investor research and business development. Similarweb combines data from multiple sources to provide insights into web traffic, mobile app usage, customer engagement, acquisition channels and industry positioning.

Founded in 2007, Similarweb serves businesses, agencies, financial institutions and other organizations in markets around the world.

Further Reading

Insider Buying and Selling by Quarter for Similarweb (NYSE:SMWB)

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