Similarweb (NYSE:SMWB) CEO Sells $1,197,379.04 in Stock

Key Points

• CEO Or Offer sold 134,992 Similarweb shares at an average price of $8.87, generating approximately $1.20 million. The sale reduced his direct stake by 2.85% to 4.60 million shares, though he also sold 574,605 shares the previous day.
• Similarweb reported quarterly earnings of $0.06 per share on revenue of $77.19 million, but continues to have a negative net margin of 7.37% and analysts expect a full-year loss of $0.08 per share.
• Analyst views remain mixed: the stock has an average “Hold” rating and a $10.14 consensus price target, while recent targets range from $8.50 to $11.00. Shares opened at $8.88, well above their 50-day and 200-day moving averages.

Similarweb Ltd. (NYSE:SMWB - Get Free Report) CEO Or Offer sold 134,992 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $8.87, for a total transaction of $1,197,379.04. Following the sale, the chief executive officer directly owned 4,598,291 shares of the company's stock, valued at approximately $40,786,841.17. This trade represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 Monday, June 1st, Or Offer acquired 50,000 shares of Similarweb stock. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $207,500.00.
• On Tuesday, May 19th, Or Offer acquired 53,000 shares of Similarweb stock. The shares were purchased at an average price of $3.58 per share, with a total value of $189,740.00.

Similarweb Price Performance

NYSE SMWB opened at $8.88 on Monday. The business has a fifty day moving average price of $6.34 and a two-hundred day moving average price of $4.35. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $10.75. The stock has a market capitalization of $777.45 million, a PE ratio of -35.50 and a beta of 1.13.

Similarweb (NYSE:SMWB - Get Free Report) last issued its 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 firm had revenue of $77.19 million for the quarter. As a group, sell-side analysts expect that Similarweb Ltd. will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Similarweb

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Similarweb during the third quarter worth about $25,000. New York State Common Retirement Fund boosted its position in shares of Similarweb by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 852,915 shares of the company's stock valued at $6,388,000 after buying an additional 3,170 shares during the last quarter. PDT Partners LLC raised its position in Similarweb by 3.9% in the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company's stock valued at $771,000 after buying an additional 3,717 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Similarweb by 31.9% during the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company's stock worth $184,000 after acquiring an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Similarweb by 13.7% in the third quarter. Legal & General Group Plc now owns 43,374 shares of the company's stock valued at $403,000 after purchasing an additional 5,235 shares during the last quarter. 57.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SMWB has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Similarweb from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer raised their price target on shares of Similarweb from $7.00 to $8.50 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Barclays lifted their price target on shares of Similarweb from $5.00 to $11.00 and gave the company an "overweight" rating in a report on Thursday. Weiss Ratings reissued a "sell (e+)" rating on shares of Similarweb in a research note on Wednesday. Finally, Citigroup raised their target price on shares of Similarweb from $7.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Similarweb currently has an average rating of "Hold" and an average target price of $10.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source