Similarweb Ltd. (NYSE:SMWB – Get Free Report) CEO Or Offer sold 134,992 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 4,598,291 shares in the company, valued at $40,786,841.17. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 shares were sold at an average price of $8.80, for a total value of $5,056,524.00.
- On Monday, June 1st, Or Offer purchased 50,000 shares of Similarweb stock. The shares were purchased at an average price of $4.15 per share, with a total value of $207,500.00.
- On Tuesday, May 19th, Or Offer bought 53,000 shares of Similarweb stock. The stock was acquired 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. Similarweb Ltd. has a 1 year low of $2.22 and a 1 year high of $10.75. The company has a market cap of $777.45 million, a P/E ratio of -35.50 and a beta of 1.13. The stock’s fifty day moving average price is $6.34 and its two-hundred day moving average price is $4.35.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Larson Financial Group LLC bought a new stake in Similarweb during the third quarter worth about $25,000. Wexford Capital LP purchased a new position in shares of Similarweb during the third quarter valued at approximately $64,000. Brooklyn Investment Group purchased a new position in shares of Similarweb during the fourth quarter valued at approximately $85,000. Boothbay Fund Management LLC bought a new stake in shares of Similarweb in the 4th quarter worth approximately $90,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Similarweb in the 2nd quarter worth approximately $146,000. 57.59% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on SMWB shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $5.00 to $10.00 in a research report on Wednesday, August 12th. Barclays upped their target price on Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup raised their target price on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.14.
Read Our Latest Research Report on SMWB
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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