Key Points
- Similarweb CEO Or Offer bought 50,000 shares on June 1 at an average price of $4.15, a $207,500 purchase that increased his direct holdings by 1.07% to 4,744,396 shares.
- The CEO has been actively buying shares recently, including 53,000 shares on May 19 and 3,105 shares on May 18, signaling continued insider confidence.
- Similarweb’s latest earnings met analyst EPS estimates with $0.01 per share and slightly beat revenue expectations, while Wall Street currently has a Hold consensus rating on the stock.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer acquired 50,000 shares of the business's stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $4.15 per share, with a total value of $207,500.00. Following the transaction, the chief executive officer directly owned 4,744,396 shares in the company, valued at approximately $19,689,243.40. The trade was a 1.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Or Offer also recently made the following trade(s):
- On Tuesday, May 19th, Or Offer acquired 53,000 shares of Similarweb stock. The shares were bought at an average price of $3.58 per share, with a total value of $189,740.00.
- On Monday, May 18th, Or Offer acquired 3,105 shares of Similarweb stock. The shares were bought at an average price of $3.20 per share, with a total value of $9,936.00.
Similarweb Stock Performance
Shares of NYSE:SMWB opened at $4.39 on Wednesday. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75. The stock has a fifty day moving average of $3.01 and a 200-day moving average of $4.72. The company has a market capitalization of $384.13 million, a PE ratio of -12.53 and a beta of 1.25.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $73.88 million during the quarter, compared to the consensus estimate of $73.04 million. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%. As a group, research analysts forecast that Similarweb Ltd. will post -0.09 EPS for the current fiscal year.
Institutional Trading of Similarweb
A number of hedge funds have recently modified their holdings of SMWB. Lavelle Capital LP acquired a new position in shares of Similarweb in the first quarter worth $529,000. Bank of America Corp DE increased its stake 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 acquiring an additional 52,863 shares during the last quarter. Renaissance Technologies LLC increased 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 acquiring an additional 378,200 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of Similarweb in the first quarter worth $572,000. Finally, Sphera Management Technology Funds Ltd increased 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 acquiring an additional 17,122 shares during the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SMWB. Northland Securities lowered Similarweb from an "outperform" rating to a "market perform" rating and set a $5.00 target price for the company. in a report on Wednesday, February 18th. Wall Street Zen lowered Similarweb from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. William Blair lowered Similarweb from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Citigroup lowered Similarweb from a "buy" rating to a "neutral" rating and reduced their target price for the company from $8.50 to $3.00 in a report on Friday, April 10th. Finally, Citizens Jmp lowered Similarweb from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.07.
Read Our Latest Stock Analysis on SMWB
About Similarweb
(
Get Free Report)
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.
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