Insider Buying: Similarweb (NYSE:SMWB) Director Acquires 75,000 Shares of Stock

Similarweb Ltd. (NYSE:SMWB) Director Harel Moshe Beit-On acquired 75,000 shares of Similarweb stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the acquisition, the director owned 10,885,778 shares of the company’s stock, valued at $42,345,676.42. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Similarweb Stock Performance

NYSE:SMWB opened at $3.83 on Thursday. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.75. The firm has a market cap of $335.51 million, a price-to-earnings ratio of -10.94 and a beta of 1.11. The business’s fifty day moving average is $2.79 and its 200 day moving average is $4.97.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $73.88 million for 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%. Equities analysts predict that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on SMWB shares. William Blair lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Northland Securities downgraded Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price target on the stock. in a research report on Wednesday, February 18th. Citizens Jmp downgraded Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Barclays lowered their price target on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Similarweb by 475.3% in the first quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after buying an additional 52,863 shares during the period. Renaissance Technologies LLC grew its stake in shares of Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after purchasing an additional 378,200 shares during the last quarter. Militia Capital Management LLC bought a new stake in shares of Similarweb in the first quarter worth about $572,000. Sphera Management Technology Funds Ltd grew its stake in shares of Similarweb by 3.7% in the fourth quarter. Sphera Management Technology Funds Ltd now owns 480,000 shares of the company’s stock worth $3,595,000 after purchasing an additional 17,122 shares during the last quarter. Finally, Numerai GP LLC bought a new stake in shares of Similarweb in the fourth quarter worth about $883,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

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.