Or Offer Sells 574,605 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 574,605 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the completion of the sale, the chief executive officer directly owned 4,598,291 shares of the company’s stock, valued at $40,464,960.80. This represents a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value of $1,197,379.04.
• On Monday, June 1st, Or Offer acquired 50,000 shares of Similarweb stock. The shares were acquired at an average cost of $4.15 per share, with a total value of $207,500.00.
• On Tuesday, May 19th, Or Offer purchased 53,000 shares of Similarweb stock. The shares were bought at an average price of $3.58 per share, with a total value of $189,740.00.

Similarweb Stock Down 0.1%

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

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.19 million for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. On average, sell-side analysts expect that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Similarweb

Several institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new stake in Similarweb during the 3rd quarter worth approximately $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb during the third quarter worth $64,000. Brooklyn Investment Group purchased a new position in Similarweb in the 4th quarter valued at $85,000. Boothbay Fund Management LLC acquired a new position in Similarweb in the 4th quarter valued at $90,000. Finally, Nebula Research & Development LLC purchased a new position in Similarweb during the 2nd quarter worth $146,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Oppenheimer upped their target price on shares of Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup lifted their target price on Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus 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.