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

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 60,700 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $8.33, for a total value of $505,631.00. Following the completion of the sale, the chief executive officer owned 4,537,591 shares in the company, valued at approximately $37,798,133.03. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $8.06, for a total transaction of $695,578.00.
• 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 shares were 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 value of $1,197,379.04.

Similarweb Trading Up 0.6%

SMWB opened at $8.09 on Friday. The company 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 business’s fifty day simple moving average is $7.68 and its 200-day simple moving average is $4.93.

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

Hedge Funds Weigh In On Similarweb

Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of Similarweb in the 2nd quarter valued at about $1,457,000. Federated Hermes Inc. lifted its position in Similarweb by 52.4% during the second quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after acquiring an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Similarweb during the second quarter valued at approximately $878,000. Nebula Research & Development LLC acquired a new stake in Similarweb in the second quarter valued at approximately $146,000. Finally, California State Teachers Retirement System boosted its stake in Similarweb by 29.7% in the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after acquiring an additional 11,356 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SMWB shares. Citigroup boosted their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. Oppenheimer boosted their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded Similarweb from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Four equities 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.