Key Points
- Similarweb CEO Or Offer sold 383,127 shares at an average price of $9.00, generating $3.45 million and reducing his stake by 7.69% to 4.6 million shares.
- The sale follows additional disposals of more than 709,000 shares in August, despite Offer having purchased 50,000 shares in June at $4.15 per share.
- Similarweb shares opened at $9.14, near their 12-month high of $10.75. Analysts’ consensus rating remains Hold, with an average price target of $10.14, while the company reported quarterly revenue of $77.19 million and EPS of $0.06.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 383,127 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $9.00, for a total transaction of $3,448,143.00. Following the transaction, the chief executive officer owned 4,598,291 shares in the company, valued at $41,384,619. This represents a 7.69% 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 shares were sold at an average price of $8.80, for a total transaction 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 transaction of $1,197,379.04.
- On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The stock was bought at an average price of $4.15 per share, with a total value of $207,500.00.
Similarweb Stock Up 0.9%
SMWB opened at $9.14 on Friday. The stock has a market capitalization of $800.93 million, a price-to-earnings ratio of -36.57 and a beta of 1.14. The firm has a 50 day moving average price of $7.07 and a 200-day moving average price of $4.58. Similarweb Ltd. has a twelve month low of $2.22 and a twelve month high of $10.75.
Similarweb (NYSE:SMWB - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The company 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%.
Hedge Funds Weigh In On Similarweb
A number of institutional investors have recently bought and sold shares of SMWB. Phoenix Financial Ltd. lifted its position in 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 purchasing an additional 1,292,700 shares in the last quarter. Wellington Management Group LLP increased its position 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 buying an additional 657,928 shares in the last quarter. Nuveen LLC increased its position in Similarweb by 2.5% in the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company's stock worth $11,388,000 after buying an additional 37,457 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Similarweb by 2.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 944,552 shares of the company's stock worth $8,784,000 after buying an additional 23,881 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Similarweb by 0.4% in 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. 57.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Citigroup boosted their price target on Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Northland Securities upgraded shares of Similarweb from a "market perform" rating to an "outperform" rating and increased their price objective 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 report on Sunday, August 23rd. Finally, Barclays raised 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. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.14.
Check Out Our Latest Stock Report on Similarweb
Similarweb Company Profile
(
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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