Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 134,992 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04. Following the completion of the transaction, the chief executive officer directly owned 4,598,291 shares of the company's stock, valued at approximately $40,786,841.17. The trade was a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 transaction of $5,056,524.00.
- On Monday, June 1st, Or Offer acquired 50,000 shares of Similarweb stock. The shares were bought at an average cost of $4.15 per share, for a total transaction of $207,500.00.
- On Tuesday, May 19th, Or Offer purchased 53,000 shares of Similarweb stock. The stock was bought at an average cost of $3.58 per share, for a total transaction of $189,740.00.
Similarweb Stock Performance
SMWB stock opened at $8.53 on Tuesday. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The company's 50 day moving average price is $6.42 and its 200 day moving average price is $4.37. The firm has a market capitalization of $747.23 million, a price-to-earnings ratio of -34.12 and a beta of 1.13.
Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The business had revenue of $77.19 million for the quarter. Equities analysts forecast that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SMWB. Barclays upped their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday. Oppenheimer lifted their price target on shares of Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday, August 12th. Northland Securities upgraded shares of Similarweb from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised Similarweb from a "hold" rating to a "buy" rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.14.
Get Our Latest Research Report on Similarweb
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SMWB. Larson Financial Group LLC acquired a new position in Similarweb in the third quarter valued at $25,000. New York State Common Retirement Fund boosted its stake in shares of Similarweb by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company's stock worth $6,388,000 after buying an additional 3,170 shares during the period. PDT Partners LLC grew its holdings in shares of Similarweb by 3.9% during the second quarter. PDT Partners LLC now owns 98,388 shares of the company's stock worth $771,000 after buying an additional 3,717 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Similarweb by 31.9% during the third quarter. Lazard Asset Management LLC now owns 19,761 shares of the company's stock worth $184,000 after buying an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Similarweb by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company's stock valued at $403,000 after acquiring an additional 5,235 shares during the period. 57.59% of the stock is owned by hedge funds and other institutional investors.
Similarweb Company Profile
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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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