Similarweb (NYSE:SMWB) CEO Or Offer Sells 114,300 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 114,300 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $7.69, for a total transaction of $878,967.00. Following the completion of the sale, the chief executive officer directly owned 3,930,481 shares in the company, valued at approximately $30,225,398.89. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 23rd, Or Offer sold 28,400 shares of Similarweb stock. The stock was sold at an average price of $8.54, for a total value of $242,536.00.
• On Tuesday, September 22nd, Or Offer sold 34,500 shares of Similarweb stock. The shares were sold at an average price of $8.38, for a total value of $289,110.00.
• On Monday, September 21st, Or Offer sold 32,200 shares of Similarweb stock. The stock was sold at an average price of $8.40, for a total transaction of $270,480.00.
• On Friday, September 18th, Or Offer sold 37,500 shares of Similarweb stock. The shares were sold at an average price of $8.25, for a total transaction of $309,375.00.
• On Thursday, September 17th, Or Offer sold 30,400 shares of Similarweb stock. The shares were sold at an average price of $8.35, for a total transaction of $253,840.00.
• On Wednesday, September 16th, Or Offer sold 45,719 shares of Similarweb stock. The stock was 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 value 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 value of $227,674.23.
• On Friday, September 11th, Or Offer sold 59,000 shares of Similarweb stock. The stock was 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 stock was sold at an average price of $8.06, for a total transaction of $477,152.00.

Similarweb Stock Down 12.2%

Shares of NYSE SMWB opened at $7.53 on Friday. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $9.75. The company’s 50-day simple moving average is $8.01 and its 200-day simple moving average is $5.33. The firm has a market cap of $659.80 million, a price-to-earnings ratio of -30.13 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

SMWB has been the subject of several research reports. Needham & Company LLC raised shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, September 16th. Wall Street Zen lowered Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and increased their price target for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Citigroup lifted their price objective on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Oppenheimer boosted their price objective on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Similarweb has an average rating of “Hold” and a consensus target price of $9.71.

Key Similarweb News

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Similarweb appointed Michael Akkerman as chief executive officer, effective November 2, 2026. Akkerman brings nearly 20 years of senior operating and digital-advertising experience, which could support the company’s growth and commercial execution. Similarweb Names Michael Akkerman as New Chief Executive Officer
• Neutral Sentiment: Analyst views remain mixed. Similarweb has five Buy, four Hold and one Sell rating, with a consensus price target of $9.71, though the average rating is Hold. Similarweb Appoints Michael Akkerman as CEO Effective November 2
• Negative Sentiment: Founder and CEO Or Offer is stepping down after nearly two decades. Although the succession was previously announced, investors may be concerned about strategy, execution and leadership continuity during the transition. The announcement was the main catalyst for the decline and trading halt. Similarweb shares fall after new CEO announcement
• Negative Sentiment: Offer sold another 28,400 shares for approximately $242,536 on September 23, following a 34,500-share sale the prior day. The transactions were made under a pre-arranged Rule 10b5-1 plan, limiting their value as a signal about fundamentals, but the repeated selling may weigh on sentiment during the CEO change. Insider Selling: Similarweb CEO Sells Stock

Institutional Investors Weigh In On Similarweb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Integrated Wealth Concepts LLC acquired a new position in Similarweb during the second quarter worth approximately $92,000. Wellington Management Group LLP grew its stake in shares of Similarweb by 22.2% during 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. Militia Capital Management LLC acquired a new stake in shares of Similarweb during the 1st quarter worth $616,000. Lavelle Capital LP purchased a new position in shares of Similarweb in the 1st quarter worth $529,000. Finally, Bank of America Corp DE boosted its holdings in 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 acquiring an additional 52,863 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Company Profile

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.