Similarweb (NYSE:SMWB) Director Harel Moshe Beit-On Purchases 75,000 Shares

Similarweb Ltd. (NYSE:SMWB) Director Harel Moshe Beit-On bought 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the purchase, the director directly owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Similarweb Stock Up 4.1%

Shares of NYSE SMWB opened at $3.83 on Thursday. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.75. The firm has a market cap of $335.51 million, a P/E ratio of -10.94 and a beta of 1.11. The company has a 50 day moving average of $2.79 and a 200 day moving average of $4.97.

Similarweb (NYSE:SMWB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $73.88 million during the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. As a group, equities analysts expect that Similarweb Ltd. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SMWB has been the topic of several recent research reports. William Blair cut shares of Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Oppenheimer decreased their target price on shares of Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.50 to $3.00 in a research report on Friday, April 10th. Needham & Company LLC lowered shares of Similarweb from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Barclays reduced their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Similarweb currently has a consensus rating of “Hold” and an average target price of $7.07.

Institutional Trading of Similarweb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Similarweb by 163.6% during the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after acquiring an additional 1,525,230 shares during the period. Phoenix Financial Ltd. increased its position in shares of Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after acquiring an additional 1,292,700 shares during the period. Penn Capital Management Company LLC increased its position in shares of Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after acquiring an additional 1,233,928 shares during the period. Menora Mivtachim Holdings LTD. increased its position in shares of Similarweb by 37.9% during the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after acquiring an additional 881,652 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in shares of Similarweb during the third quarter worth approximately $7,903,000. 57.59% of the stock is owned by hedge funds and other institutional investors.

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.