Insider Selling: Similarweb (NYSE:SMWB) CEO Sells $5,056,524.00 in 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 stock was sold at an average price of $8.80, for a total value of $5,056,524.00. Following the completion of the transaction, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at $40,464,960.80. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 14th, Or Offer sold 134,992 shares of Similarweb stock. The shares were 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 purchased at an average cost of $4.15 per share, for a total transaction of $207,500.00.
• On Tuesday, May 19th, Or Offer bought 53,000 shares of Similarweb stock. The stock was purchased at an average price of $3.58 per share, with a total value of $189,740.00.

Similarweb Price Performance

NYSE:SMWB opened at $8.37 on Thursday. The company has a market capitalization of $732.95 million, a price-to-earnings ratio of -33.47 and a beta of 1.14. The business has a 50 day moving average of $6.60 and a 200 day moving average of $4.41. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75.

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. The business 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%. As a group, sell-side analysts anticipate that Similarweb Ltd. will post -0.08 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SMWB. Citigroup boosted their price target on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Similarweb in a report on Wednesday, August 12th. Oppenheimer boosted their target price on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded Similarweb from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Similarweb has a consensus rating of “Hold” and an average price target of $10.14.

Institutional Investors Weigh In On Similarweb

A number of large investors have recently added to or reduced their stakes in SMWB. Phoenix Financial Ltd. raised its stake 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 valued at $32,101,000 after acquiring an additional 1,292,700 shares during the last quarter. Lavelle Capital LP bought a new stake in shares of Similarweb in the first quarter worth about $529,000. 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 purchased a new position in Similarweb during the 1st quarter valued at about $616,000. Finally, UBS Group AG increased its holdings in Similarweb by 71.4% during the 4th quarter. UBS Group AG now owns 536,549 shares of the company’s stock valued at $4,019,000 after purchasing an additional 223,562 shares during the period. 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.