Or Offer Sells 45,719 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 45,719 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $8.40, for a total value of $384,039.60. Following the transaction, the chief executive officer owned 4,207,781 shares in the company, valued at $35,345,360.40. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Or Offer sold 30,400 shares of Similarweb stock. The stock was sold at an average price of $8.35, for a total transaction of $253,840.00.
• On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The stock was sold at an average price of $8.54, for a total transaction of $451,766.00.
• On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The stock was sold at an average price of $8.53, for a total transaction of $227,674.23.
• On Friday, September 11th, Or Offer sold 59,000 shares of Similarweb stock. The shares were sold at an average price of $8.05, for a total value of $474,950.00.
• On Thursday, September 10th, Or Offer sold 59,200 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total value of $477,152.00.
• 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 Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The stock was sold at an average price of $8.33, for a total transaction of $505,631.00.
• 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 transaction 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 transaction 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.

Similarweb Price Performance

Similarweb stock opened at $8.33 on Friday. The stock has a market cap of $729.72 million, a PE ratio of -33.32 and a beta of 1.21. The stock’s fifty day moving average is $7.88 and its two-hundred day moving average is $5.13. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.13.

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

Analysts Set New Price Targets

Several equities analysts have commented on SMWB shares. Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Similarweb from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Finally, Oppenheimer boosted their price target on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Similarweb currently has a consensus rating of “Hold” and a consensus price target of $9.71.

Institutional Trading of Similarweb

Several hedge funds have recently made changes to their positions in SMWB. Wellington Management Group LLP increased its stake in shares of Similarweb by 22.2% during the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock worth $22,219,000 after acquiring an additional 657,928 shares during the period. Renaissance Technologies LLC lifted its position in Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after purchasing an additional 378,200 shares during the period. Militia Capital Management LLC acquired a new stake in Similarweb in the first quarter valued at about $616,000. UBS Group AG increased its position in Similarweb by 71.4% during the 4th quarter. UBS Group AG now owns 536,549 shares of the company’s stock worth $4,019,000 after purchasing an additional 223,562 shares during the period. Finally, Lavelle Capital LP purchased a new position in shares of Similarweb during the 1st quarter worth approximately $529,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Trending Headlines about Similarweb

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Needham upgraded Similarweb from Hold to Buy, citing the company’s artificial-intelligence initiatives and focused go-to-market strategy as factors that could support stronger sales growth. Needham set an $11 price target, implying additional upside from recent trading levels. Needham upgrades Similarweb to Buy
• Positive Sentiment: The analyst upgrade follows other favorable target-price changes, including Barclays’ $11 target and Oppenheimer’s $8.50 target, reinforcing the view that Similarweb’s improving growth prospects may not yet be fully reflected in the share price. Similarweb rallies after Needham points to strong sales potential
• Neutral Sentiment: Institutional ownership remains substantial at approximately 57.6%. Wellington Management, Renaissance Technologies and UBS were among firms that increased their positions, providing evidence of institutional interest; however, these holdings reflect earlier reporting periods rather than an immediate catalyst. Similarweb insider trading report
• Negative Sentiment: CEO Or Offer sold 52,900 shares for about $451,766 on September 14 and another 26,691 shares for approximately $227,674 on September 15. The transactions were made under a pre-arranged Rule 10b5-1 plan, which reduces their value as a discretionary bearish signal, but the repeated sales may still weigh on sentiment. The CEO continues to own roughly 4.25 million shares. Similarweb CEO stock sale

Similarweb Company Profile

Similarweb Ltd. is a digital intelligence company that provides data and analytics about online activity. Its platform helps organizations analyze website and mobile application performance, understand audience behavior, evaluate competitors, and identify trends across digital markets.

The company’s products support a range of business functions, including marketing, sales, market research, search engine optimization, investor research and business development. Similarweb combines data from multiple sources to provide insights into web traffic, mobile app usage, customer engagement, acquisition channels and industry positioning.

Founded in 2007, Similarweb serves businesses, agencies, financial institutions and other organizations in markets around the world.