Key Points
- Similarweb CEO Or Offer sold 60,700 shares at an average price of $8.33, generating $505,631. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 1.32%.
- Offer has made several additional sales recently, totaling more than 1.1 million shares across transactions in August and September, while retaining 4.54 million shares valued at approximately $37.8 million.
- Similarweb shares opened at $8.09, up 0.6%, with analysts maintaining an average “Hold” rating and a $10.14 price target. Institutional investors own 57.59% of the company.
Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 60,700 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $8.33, for a total value of $505,631.00. Following the transaction, the chief executive officer owned 4,537,591 shares in the company, valued at approximately $37,798,133.03. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 9th, Or Offer sold 86,300 shares of Similarweb stock. The shares were sold at an average price of $8.06, for a total value of $695,578.00.
- On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The shares were 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 transaction 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 Up 0.6%
NYSE:SMWB opened at $8.09 on Friday. The company has a market capitalization of $708.25 million, a P/E ratio of -32.34 and a beta of 1.21. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.35. The firm has a fifty day simple moving average of $7.68 and a 200-day simple moving average of $4.93.
Similarweb (NYSE:SMWB - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The firm had revenue of $77.19 million for the quarter.
Institutional Investors Weigh In On Similarweb
Several institutional investors and hedge funds have recently added to or reduced their stakes in SMWB. Wellington Management Group LLP raised its holdings in shares of Similarweb by 163.6% during the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company's stock valued at $22,858,000 after acquiring an additional 1,525,230 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in shares of Similarweb by 43.2% in the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company's stock worth $32,101,000 after acquiring an additional 1,292,700 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Similarweb by 104.6% during 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 in the last quarter. UBS Group AG increased its position in shares of Similarweb by 701.6% during the third quarter. UBS Group AG now owns 312,987 shares of the company's stock worth $2,911,000 after purchasing an additional 273,943 shares in the last quarter. Finally, Militia Capital Management LLC acquired a new position in Similarweb in the 1st quarter valued at $616,000. Hedge funds and other institutional investors own 57.59% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Barclays increased their target price on shares of Similarweb from $5.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Northland Securities upgraded Similarweb from a "market perform" rating to an "outperform" rating and raised their target price for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Citigroup lifted 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. Finally, Wall Street Zen raised Similarweb from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.14.
View Our Latest 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.
Further Reading
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