Or Offer Sells 60,700 Shares of Similarweb (NYSE:SMWB) Stock

Key Points

• CEO Or Offer sold 60,700 Similarweb shares for approximately $505,631 at an average price of $8.33 under a pre-arranged Rule 10b5-1 trading plan. He retained 4,537,591 shares worth about $37.8 million.
• Offer has made several additional sales in recent weeks, including 86,300 shares on September 9 and more than 1.09 million shares in August, indicating substantial recent insider selling.
• Similarweb shares traded near $8.09, while analysts set an average price target of $10.14 and an overall “Hold” rating. The company reported quarterly revenue of $77.19 million and earnings of $0.06 per share.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 60,700 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.33, for a total transaction of $505,631.00. Following the completion of the transaction, the chief executive officer directly owned 4,537,591 shares in the company, valued at $37,798,133.03. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $8.06, for a total transaction 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 transaction of $3,448,143.00.
• 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 shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Price Performance

Shares of SMWB stock traded up $0.04 during trading hours on Thursday, reaching $8.09. The company had a trading volume of 81,108 shares, compared to its average volume of 888,253. The company has a 50 day moving average of $7.64 and a 200 day moving average of $4.89. The firm has a market cap of $708.25 million, a price-to-earnings ratio of -32.34 and a beta of 1.21. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.35.

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

Hedge Funds Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC acquired a new position in shares of Similarweb in the third quarter valued at $25,000. Wexford Capital LP acquired a new stake in shares of Similarweb during the 3rd quarter worth about $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb during the 4th quarter worth about $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb during the 4th quarter worth about $90,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Similarweb in the 2nd quarter valued at about $92,000. 57.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on SMWB shares. Oppenheimer boosted their price target on Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Citigroup increased their price objective on Similarweb from $7.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Weiss Ratings restated a "sell (e+)" rating on shares of Similarweb in a research note on Wednesday, August 12th. Northland Securities raised Similarweb from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Finally, Barclays raised their price target 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. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.14.

About Similarweb

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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