Similarweb Ltd. (NYSE:SMWB – Get Free Report) Director Barak Eilam acquired 50,000 shares of Similarweb stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $3.86 per share, with a total value of $193,000.00. Following the transaction, the director directly owned 101,315 shares in the company, valued at approximately $391,075.90. The trade was a 97.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Similarweb Price Performance
Shares of Similarweb stock opened at $3.80 on Friday. The firm’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $4.93. The stock has a market capitalization of $332.44 million, a price-to-earnings ratio of -10.84 and a beta of 1.11. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75.
Similarweb (NYSE:SMWB – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 48.57%. Analysts anticipate that Similarweb Ltd. will post -0.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Similarweb
Hedge Funds Weigh In On Similarweb
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Phoenix Financial Ltd. boosted its stake in shares of Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after buying an additional 1,292,700 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its position in Similarweb by 37.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after buying an additional 881,652 shares during the period. Wellington Management Group LLP increased its position in Similarweb by 163.6% in the third quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after buying an additional 1,525,230 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock valued at $15,321,000 after purchasing an additional 1,233,928 shares during the period. Finally, Nuveen LLC increased its holdings in shares of Similarweb by 2.5% during the fourth quarter. Nuveen LLC now owns 1,520,398 shares of the company’s stock valued at $11,388,000 after purchasing an additional 37,457 shares during the period. 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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