Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Similarweb Ltd shares valued at $977,500 were purchased by Offer Or on Jan 21 ’25. At $15.64 per share, Offer Or acquired 62,500 shares.
Also, Seror Benjamin purchased 50,000 shares, netting a total of over 706,000 in proceeds.
Before that, Seror Benjamin had added 50,000 shares to its account. In a trade valued at $745,000, the Officer bought Similarweb Ltd shares for $14.90 each.
As published in their initiating research note from Goldman on December 11, 2024, Similarweb Ltd [SMWB] has been a Buy and the price target has been revised to $16. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 10, 2024, Northland Capital has initiated its “an Outperform” rating for SMWB. Earlier on February 15, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for SMWB stock which previously was a “a Neutral”.
Analyzing SMWB Stock Performance
During the last five days, there has been a drop of approximately -32.02%. Over the course of the year, Similarweb Ltd shares have dropped approximately -16.23%. Shares of the company reached a 52-week high of $17.64 on 02/10/25 and a 52-week low of $9.50 on 02/12/25. A 50-day SMA is recorded $14.74, while a 200-day SMA reached $9.96. Nevertheless, trading volume fell to 6.85 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Similarweb Ltd (SMWB)
According to the 24-hour chart, there is a support level at 10.14, which, if violated, would cause prices to drop to 8.40. In the upper region, resistance lies at 12.97. The next price resistance is at 14.06. RSI (Relative Strength Index) is 28.53 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 70.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
