Or Offer Sells 60,700 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 60,700 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $8.33, for a total value of $505,631.00. Following the sale, the chief executive officer owned 4,537,591 shares in the company, valued at $37,798,133.03. This represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 9th, Or Offer sold 86,300 shares of Similarweb stock. The shares were sold at an average price of $8.06, for a total value of $695,578.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The shares were sold at an average price of $9.00, for a total value 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 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 transaction of $1,197,379.04.

Similarweb Price Performance

NYSE:SMWB opened at $8.07 on Friday. The firm’s 50 day simple moving average is $7.72 and its 200 day simple moving average is $4.95. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.35. The company has a market cap of $706.68 million, a PE ratio of -32.27 and a beta of 1.21.

Similarweb (NYSE:SMWB) last announced 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 during the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%.

Analysts Set New Price Targets

Several brokerages have commented on SMWB. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Oppenheimer increased their price target on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. Finally, Citigroup upped their target price on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Similarweb presently has an average rating of “Hold” and an average price target of $10.14.

Institutional Trading of Similarweb

Institutional investors have recently bought and sold shares of the company. Jump Financial LLC bought a new position in shares of Similarweb in the 2nd quarter worth about $1,457,000. Federated Hermes Inc. boosted its position in shares of Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after purchasing an additional 16,500 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Similarweb during the 2nd quarter valued at about $878,000. Nebula Research & Development LLC acquired a new stake in Similarweb during the second quarter worth approximately $146,000. Finally, California State Teachers Retirement System grew its stake in Similarweb by 29.7% during the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock worth $389,000 after purchasing an additional 11,356 shares during the period. Institutional investors own 57.59% of the company’s stock.

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.