Insider Buying: Similarweb (NYSE:SMWB) CEO Purchases 50,000 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer purchased 50,000 shares of Similarweb stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the transaction, the chief executive officer directly owned 4,744,396 shares of the company’s stock, valued at approximately $19,689,243.40. This represents a 1.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 19th, Or Offer acquired 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.
• On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The stock was acquired at an average price of $3.20 per share, with a total value of $9,936.00.

Similarweb Stock Up 4.9%

Shares of SMWB opened at $4.36 on Tuesday. The company has a market cap of $381.50 million, a P/E ratio of -12.44 and a beta of 1.25. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The firm’s 50 day moving average price is $3.01 and its 200 day moving average price is $4.72.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. Research analysts forecast that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Lavelle Capital LP purchased a new stake in Similarweb in the first quarter valued at $529,000. Bank of America Corp DE grew its holdings in shares of Similarweb by 475.3% during the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after purchasing an additional 52,863 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Similarweb by 104.6% during the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after purchasing an additional 378,200 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Similarweb during the first quarter worth about $572,000. Finally, Sphera Management Technology Funds Ltd lifted its holdings in shares of Similarweb by 3.7% in the 4th quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock valued at $3,595,000 after purchasing an additional 17,122 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMWB. Needham & Company LLC cut Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Northland Securities lowered Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target on the stock. in a research report on Wednesday, February 18th. William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Citizens Jmp downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Barclays cut their target price on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Similarweb has a consensus rating of “Hold” and a consensus target price of $7.07.

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.