Or Offer Sells 45,719 Shares of Similarweb (NYSE:SMWB) Stock

Key Points

• CEO Or Offer sold 45,719 Similarweb shares at an average price of $8.40, generating approximately $384,040. The sale occurred under a pre-arranged Rule 10b5-1 plan, and Offer retained 4.21 million shares.
• Offer has made several additional sales in recent weeks, including more than 1.1 million shares in August and further sales in September, indicating a significant reduction in his holdings despite the scheduled nature of the transactions.
• Similarweb shares opened at $8.33, while analysts maintained a generally favorable outlook with an average price target of $9.71. The company recently reported $77.19 million in quarterly revenue and $0.06 in earnings per share, though it remains unprofitable on a net-margin basis.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 45,719 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $8.40, for a total transaction of $384,039.60. Following the completion of the sale, the chief executive officer directly owned 4,207,781 shares of the company's stock, valued at approximately $35,345,360.40. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Or Offer also recently made the following trade(s):

• On Thursday, September 17th, Or Offer sold 30,400 shares of Similarweb stock. The stock was sold at an average price of $8.35, for a total value of $253,840.00.
• On Monday, September 14th, Or Offer sold 52,900 shares of Similarweb stock. The shares were sold at an average price of $8.54, for a total value of $451,766.00.
• On Tuesday, September 15th, Or Offer sold 26,691 shares of Similarweb stock. The stock was 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 value 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 transaction 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 transaction 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 transaction of $505,631.00.
• 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 transaction 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 stock was sold at an average price of $8.87, for a total value of $1,197,379.04.

Similarweb Price Performance

Shares of SMWB stock opened at $8.33 on Friday. The stock's fifty day moving average price is $7.88 and its 200 day moving average price is $5.13. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.13. The company has a market cap of $729.72 million, a price-to-earnings ratio of -33.32 and a beta of 1.21.

Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The business had revenue of $77.19 million during the quarter.

Institutional Investors Weigh In On Similarweb

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Similarweb by 22.2% in the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company's stock valued at $22,219,000 after purchasing an additional 657,928 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Similarweb by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company's stock valued at $1,931,000 after buying an additional 378,200 shares in the last quarter. Militia Capital Management LLC purchased a new position in shares of Similarweb during the 1st quarter worth $616,000. UBS Group AG boosted its position in shares of Similarweb by 71.4% during the 4th quarter. UBS Group AG now owns 536,549 shares of the company's stock valued at $4,019,000 after acquiring an additional 223,562 shares during the last quarter. Finally, Lavelle Capital LP acquired a new stake in Similarweb during the first quarter worth about $529,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SMWB. Oppenheimer raised their target price on shares of Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Similarweb from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Similarweb in a research report on Wednesday, August 12th. Citigroup lifted their price objective on 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 target price on Similarweb from $5.00 to $11.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.71.

Key Similarweb News

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.

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