Similarweb (NYSE:SMWB) CEO Or Offer Sells 383,127 Shares

Key Points

• CEO Or Offer sold 383,127 Similarweb shares at an average price of $9.00, generating $3.45 million. His remaining direct ownership fell 7.69% to 4.60 million shares.
• Similarweb reported quarterly earnings of $0.06 per share on revenue of $77.19 million, but maintained a negative net margin of 7.37% and negative return on equity of 19.81%.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $10.14, while recent targets ranged from $8.50 to $11.00.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 383,127 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $9.00, for a total value of $3,448,143.00. Following the sale, the chief executive officer directly owned 4,598,291 shares of the company's stock, valued at approximately $41,384,619. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value 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 value of $1,197,379.04.
• On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The shares were bought at an average price of $4.15 per share, with a total value of $207,500.00.

Similarweb Price Performance

Similarweb stock opened at $9.04 on Thursday. The business has a 50 day simple moving average of $6.99 and a 200-day simple moving average of $4.55. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75. The stock has a market capitalization of $791.90 million, a PE ratio of -36.16 and a beta of 1.14.

Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The firm 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%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SMWB shares. Wall Street Zen upgraded shares of Similarweb from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Similarweb in a report on Wednesday, August 12th. Citigroup boosted their target price on Similarweb from $7.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Oppenheimer increased their target price on Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Barclays raised their price target on Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.14.

Institutional Trading of Similarweb

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in 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 buying an additional 657,928 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Similarweb during the 1st quarter worth approximately $616,000. Lavelle Capital LP acquired a new stake in shares of Similarweb in the 1st quarter worth approximately $529,000. Bank of America Corp DE grew its holdings in shares of Similarweb by 475.3% in the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company's stock worth $167,000 after acquiring an additional 52,863 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 378,200 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.

Similarweb Company Profile

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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