Or Offer Sells 383,127 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 383,127 shares of Similarweb stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $9.00, for a total value of $3,448,143.00. Following the sale, the chief executive officer owned 4,598,291 shares in the company, valued at $41,384,619. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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.
• On Monday, June 1st, Or Offer bought 50,000 shares of Similarweb stock. The shares were acquired at an average price of $4.15 per share, with a total value of $207,500.00.

Similarweb Trading Down 1.5%

SMWB stock opened at $9.05 on Friday. The firm has a 50 day simple moving average of $7.15 and a 200-day simple moving average of $4.61. The company has a market capitalization of $792.78 million, a P/E ratio of -36.20 and a beta of 1.14. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.66.

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

Institutional Trading of Similarweb

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC bought a new position in shares of Similarweb in the 3rd quarter worth about $25,000. Wexford Capital LP bought a new stake in shares of Similarweb during the 3rd quarter valued at about $64,000. Brooklyn Investment Group bought a new stake in shares of Similarweb during the 4th quarter valued at about $85,000. Boothbay Fund Management LLC acquired a new stake in Similarweb during the fourth quarter worth about $90,000. Finally, Nebula Research & Development LLC acquired a new stake in Similarweb during the second quarter worth about $146,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Barclays boosted their price objective on Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Citigroup upped their price objective on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Finally, Oppenheimer increased their target price on 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.