Similarweb (NYSE:SMWB) CEO Sells $253,840.00 in Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 30,400 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $8.35, for a total transaction of $253,840.00. Following the completion of the transaction, the chief executive officer owned 4,177,381 shares in the company, valued at $34,881,131.35. This trade represents a 0.72% decrease in their position. 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 16th, Or Offer sold 45,719 shares of Similarweb stock. The stock was sold at an average price of $8.40, for a total transaction of $384,039.60.
• On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The stock was sold at an average price of $8.54, for a total transaction of $451,766.00.
• On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The shares were sold at an average price of $8.53, for a total transaction of $227,674.23.
• On Friday, September 11th, Or Offer sold 59,000 shares of Similarweb stock. The shares were sold at an average price of $8.05, for a total transaction of $474,950.00.
• On Thursday, September 10th, Or Offer sold 59,200 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total value of $477,152.00.
• On Wednesday, September 9th, Or Offer sold 86,300 shares of Similarweb stock. The stock was sold at an average price of $8.06, for a total value of $695,578.00.
• On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The shares were sold at an average price of $8.33, for a total value of $505,631.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The stock was sold at an average price of $9.00, for a total value of $3,448,143.00.
• 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 shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Trading Down 0.1%

NYSE:SMWB opened at $8.33 on Friday. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.13. The stock has a market capitalization of $729.72 million, a price-to-earnings ratio of -33.32 and a beta of 1.21. The firm has a fifty day simple moving average of $7.88 and a two-hundred day simple moving average of $5.13.

Similarweb (NYSE:SMWB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The firm 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%.

Analyst Ratings Changes

SMWB has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Oppenheimer increased their target price on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Citigroup boosted their price target on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Barclays upped their price objective on shares of Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.71.

Institutional Trading of Similarweb

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Similarweb during the second quarter worth $92,000. Royce & Associates LP grew its stake in Similarweb by 8.7% in the 4th quarter. Royce & Associates LP now owns 537,406 shares of the company’s stock valued at $4,025,000 after purchasing an additional 43,078 shares during the period. Bank of America Corp DE increased its position in shares of 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 last quarter. S Squared Technology LLC increased its position in shares of Similarweb by 12.9% during the 4th quarter. S Squared Technology LLC now owns 775,161 shares of the company’s stock valued at $5,806,000 after purchasing an additional 88,489 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Similarweb during the 4th quarter valued at $1,255,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Key Headlines Impacting Similarweb

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Needham upgraded Similarweb from Hold to Buy, citing the company’s artificial-intelligence initiatives and focused go-to-market strategy as factors that could support stronger sales growth. Needham set an $11 price target, implying additional upside from recent trading levels. Needham upgrades Similarweb to Buy
• Positive Sentiment: The analyst upgrade follows other favorable target-price changes, including Barclays’ $11 target and Oppenheimer’s $8.50 target, reinforcing the view that Similarweb’s improving growth prospects may not yet be fully reflected in the share price. Similarweb rallies after Needham points to strong sales potential
• Neutral Sentiment: Institutional ownership remains substantial at approximately 57.6%. Wellington Management, Renaissance Technologies and UBS were among firms that increased their positions, providing evidence of institutional interest; however, these holdings reflect earlier reporting periods rather than an immediate catalyst. Similarweb insider trading report
• Negative Sentiment: CEO Or Offer sold 52,900 shares for about $451,766 on September 14 and another 26,691 shares for approximately $227,674 on September 15. The transactions were made under a pre-arranged Rule 10b5-1 plan, which reduces their value as a discretionary bearish signal, but the repeated sales may still weigh on sentiment. The CEO continues to own roughly 4.25 million shares. Similarweb CEO stock sale

About Similarweb

Similarweb Ltd. is a digital intelligence company that provides data and analytics about online activity. Its platform helps organizations analyze website and mobile application performance, understand audience behavior, evaluate competitors, and identify trends across digital markets.

The company’s products support a range of business functions, including marketing, sales, market research, search engine optimization, investor research and business development. Similarweb combines data from multiple sources to provide insights into web traffic, mobile app usage, customer engagement, acquisition channels and industry positioning.

Founded in 2007, Similarweb serves businesses, agencies, financial institutions and other organizations in markets around the world.