281,328 Similarweb Ltd. $SMWB Shares Bought by CenterBook Partners LP

by · The Cerbat Gem

CenterBook Partners LP lifted its holdings in Similarweb Ltd. (NYSE:SMWB – Free Report) by 46.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 881,065 shares of the company’s stock after purchasing an additional 281,328 shares during the period. CenterBook Partners LP owned 1.01% of Similarweb worth $6,837,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Lavelle Capital LP bought a new position in Similarweb in the 1st quarter worth approximately $529,000. Renaissance Technologies LLC boosted its position in shares of Similarweb by 104.6% in the first quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after acquiring an additional 378,200 shares during the period. Wellington Management Group LLP boosted its position in shares of Similarweb by 22.2% in the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock valued at $22,219,000 after acquiring an additional 657,928 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Similarweb in the first quarter worth $616,000. Finally, State of Wyoming grew its stake in shares of Similarweb by 33.6% in the third quarter. State of Wyoming now owns 118,170 shares of the company’s stock worth $917,000 after acquiring an additional 29,712 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SMWB. Citigroup upped their target price on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Needham & Company LLC upgraded shares of Similarweb from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, September 16th. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $5.00 to $10.00 in a research report on Wednesday, August 12th. Oppenheimer boosted their price objective on Similarweb from $7.00 to $8.50 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Similarweb from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 1st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.71.

View Our Latest Stock Report on SMWB

Insider Transactions at Similarweb

In other news, CEO Or Offer sold 114,300 shares of Similarweb stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $7.69, for a total value of $878,967.00. Following the completion of the transaction, the chief executive officer owned 3,930,481 shares in the company, valued at approximately $30,225,398.89. This trade represents a 2.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,760,534 shares of company stock valued at $15,163,145. 62.40% of the stock is owned by company insiders.

Similarweb Stock Performance

Shares of NYSE SMWB traded down $0.12 during trading on Friday, reaching $8.29. The stock had a trading volume of 385,801 shares, compared to its average volume of 424,932. The company has a market cap of $725.77 million, a P/E ratio of -33.14 and a beta of 1.36. The business’s 50-day moving average price is $8.49 and its 200-day moving average price is $5.60. Similarweb Ltd. has a fifty-two week low of $2.22 and a fifty-two week high of $9.50.

Similarweb (NYSE:SMWB – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $77.19 million during the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%.

Similarweb Company Profile

(Free Report)

Similarweb Ltd. (NYSE: SMWB) provides digital data and market intelligence through a software-as-a-service platform. The company collects and analyzes data on website and mobile application activity to help organizations understand online audiences, markets, competitors and customer behavior.

Its products support digital marketing, search engine optimization, sales and business development, market research, investor research, e-commerce and shopper intelligence. Customers can use Similarweb’s platform to evaluate traffic sources, audience engagement, keyword performance, industry trends and competitive positioning across digital channels.

Similarweb serves enterprises, advertising and marketing agencies, financial institutions, publishers and other organizations in markets around the world.

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