Insider Buying: Similarweb (NYSE:SMWB) CEO Acquires $207,500.00 in 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 bought 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. The trade was a 1.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, May 19th, Or Offer purchased 53,000 shares of Similarweb stock. The shares were bought at an average cost of $3.58 per share, for a total transaction of $189,740.00.
• On Monday, May 18th, Or Offer purchased 3,105 shares of Similarweb stock. The shares were bought at an average cost of $3.20 per share, for a total transaction of $9,936.00.

Similarweb Stock Up 0.8%

Shares of NYSE SMWB opened at $4.35 on Friday. The firm’s 50-day moving average price is $3.11 and its two-hundred day moving average price is $4.65. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.75. The stock has a market capitalization of $380.71 million, a P/E ratio of -12.42 and a beta of 1.25.

Similarweb (NYSE:SMWB) last issued its earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. The firm had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. As a group, equities research analysts expect that Similarweb Ltd. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Similarweb

Several large investors have recently made changes to their positions in the company. Phoenix Financial Ltd. increased its stake in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after purchasing an additional 1,292,700 shares during the period. Menora Mivtachim Holdings LTD. increased its stake in shares of Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock valued at $29,838,000 after purchasing an additional 881,652 shares during the period. Wellington Management Group LLP increased its stake in shares of Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock valued at $22,858,000 after purchasing an additional 1,525,230 shares during the period. Penn Capital Management Company LLC increased its stake in shares of Similarweb by 299.4% in the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Finally, Nuveen LLC increased its stake in shares of Similarweb by 2.5% in the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after purchasing an additional 37,457 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

SMWB has been the topic of a number of recent research reports. Northland Securities cut shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a report on Wednesday, February 18th. Wall Street Zen cut shares of Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. William Blair cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Citizens Jmp cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Citigroup cut shares of Similarweb from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.07.

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.