Or Offer Sells 134,992 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 134,992 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04. Following the completion of the sale, the chief executive officer directly owned 4,598,291 shares in the company, valued at approximately $40,786,841.17. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $5,056,524.00.
• On Monday, June 1st, Or Offer bought 50,000 shares of Similarweb stock. The shares were purchased at an average cost of $4.15 per share, with a total value of $207,500.00.
• On Tuesday, May 19th, Or Offer bought 53,000 shares of Similarweb stock. The stock was purchased at an average price of $3.58 per share, with a total value of $189,740.00.

Similarweb Trading Down 0.1%

Shares of NYSE:SMWB opened at $8.55 on Wednesday. The firm’s 50 day moving average is $6.51 and its two-hundred day moving average is $4.39. Similarweb Ltd. has a 52 week low of $2.22 and a 52 week high of $10.75. The firm has a market capitalization of $748.98 million, a P/E ratio of -34.20 and a beta of 1.13.

Similarweb (NYSE:SMWB) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The company 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%. Analysts predict that Similarweb Ltd. will post -0.08 EPS for the current year.

Institutional Trading of Similarweb

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

Analysts Set New Price Targets

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

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.