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

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 60,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.33, for a total value of $505,631.00. Following the completion of the transaction, the chief executive officer directly owned 4,537,591 shares in the company, valued at $37,798,133.03. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 stock was 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 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 shares were 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 stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Trading Up 0.6%

NYSE SMWB traded up $0.04 during trading on Thursday, reaching $8.09. The company’s stock had a trading volume of 81,108 shares, compared to its average volume of 888,253. The firm has a market capitalization of $708.25 million, a price-to-earnings ratio of -32.34 and a beta of 1.21. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.35. The firm has a 50 day moving average price of $7.64 and a 200 day moving average price of $4.89.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of 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 Similarweb in the 3rd quarter worth about $64,000. Brooklyn Investment Group acquired a new position in Similarweb in the 4th quarter worth about $85,000. Boothbay Fund Management LLC bought a new position in Similarweb in the fourth quarter valued at about $90,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Similarweb during the second quarter valued at about $92,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Oppenheimer boosted 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 raised shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 23rd. Barclays boosted their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Citigroup increased their price target on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.14.

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.