Similarweb (NYSE:SMWB) CEO Or Offer Sells 86,300 Shares of Stock

by · The Cerbat Gem

Similarweb Ltd. (NYSE:SMWB – Get Free Report) CEO Or Offer sold 86,300 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $8.06, for a total transaction of $695,578.00. Following the completion of the sale, the chief executive officer owned 4,451,291 shares in the company, valued at approximately $35,877,405.46. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 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 stock was 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 stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Stock Performance

Shares of SMWB stock opened at $8.09 on Friday. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $10.35. The company has a 50 day moving average price of $7.68 and a 200 day moving average price of $4.93. The stock has a market capitalization of $708.25 million, a P/E ratio of -32.34 and a beta of 1.21.

Similarweb (NYSE:SMWB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The business 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%.

Wall Street Analyst Weigh In

SMWB has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $5.00 to $10.00 in a report on Wednesday, August 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Barclays lifted their price target on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Finally, Oppenheimer upped 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. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.14.

Read Our Latest Stock Analysis on SMWB

Institutional Trading of Similarweb

Several hedge funds and other institutional investors have recently made changes to their positions in SMWB. Larson Financial Group LLC purchased a new stake in Similarweb in the 3rd quarter valued at approximately $25,000. Wexford Capital LP purchased a new stake in shares of Similarweb in the third quarter valued at approximately $64,000. Brooklyn Investment Group acquired a new position in Similarweb during the fourth quarter worth $85,000. Boothbay Fund Management LLC purchased a new position in Similarweb in the fourth quarter worth $90,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Similarweb in the second quarter valued at $92,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

About Similarweb

(Get Free Report)

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.

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