Insider Selling: Similarweb (NYSE:SMWB) CEO Sells $3,448,143.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 383,127 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.00, for a total value of $3,448,143.00. Following the transaction, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at $41,384,619. This trade represents a 7.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The stock was 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.
• On Monday, June 1st, Or Offer purchased 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.

Similarweb Stock Down 1.5%

SMWB opened at $9.05 on Friday. The business has a fifty day moving average of $7.15 and a 200 day moving average of $4.61. The stock has a market cap of $792.78 million, a P/E ratio of -36.20 and a beta of 1.14. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.66.

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

Institutional Trading of Similarweb

Several institutional investors and hedge funds have recently made changes to their positions in SMWB. Wellington Management Group LLP lifted its stake in Similarweb by 22.2% in the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock worth $22,219,000 after acquiring an additional 657,928 shares during the period. Militia Capital Management LLC bought a new position in Similarweb during the 1st quarter worth about $616,000. Lavelle Capital LP purchased a new position in Similarweb during the 1st quarter valued at about $529,000. Bank of America Corp DE increased its position in Similarweb by 475.3% during the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock valued at $167,000 after purchasing an additional 52,863 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Similarweb by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after purchasing an additional 378,200 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $5.00 to $10.00 in a research note on Wednesday, August 12th. 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 lifted their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Oppenheimer boosted their price target on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.