Similarweb (NYSE:SMWB) CEO Or Offer Sells 86,300 Shares

Key Points

• Similarweb CEO Or Offer sold 86,300 shares at an average price of $8.06, worth $695,578, reducing his direct stake by 1.90% to 4.45 million shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• Offer has made several additional sales since August, including 574,605 shares on August 13 and 383,127 shares on August 26, indicating substantial recent insider selling.
• Similarweb shares rose 0.6% to $8.09, while analysts’ average price target stands at $10.14. The stock has a consensus rating of Hold, despite recent upgrades from several analysts.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 86,300 shares of Similarweb stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $8.06, for a total value of $695,578.00. Following the sale, the chief executive officer directly owned 4,451,291 shares of the company's stock, valued at $35,877,405.46. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The stock was 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 stock was 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 shares were sold at an average price of $8.87, for a total transaction of $1,197,379.04.

Similarweb Trading Up 0.6%

Shares of SMWB stock traded up $0.04 during trading hours on Thursday, hitting $8.09. The company's stock had a trading volume of 81,108 shares, compared to its average volume of 888,253. The stock has a market cap of $708.25 million, a PE ratio of -32.30 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 company has a 50 day moving average of $7.64 and a 200 day moving average of $4.89.

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. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The firm had revenue of $77.19 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC purchased a new stake in Similarweb in the 3rd quarter worth $25,000. Wexford Capital LP acquired a new stake in Similarweb in the 3rd quarter valued at about $64,000. Brooklyn Investment Group purchased a new position in Similarweb in the 4th quarter worth approximately $85,000. Boothbay Fund Management LLC acquired a new position in shares of Similarweb during the 4th quarter worth approximately $90,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Similarweb in the second quarter valued at approximately $92,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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. Citigroup boosted their price target on Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Northland Securities upgraded Similarweb from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Oppenheimer raised their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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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