Atom Investors LP Buys 41,935 Shares of Similarweb Ltd. (NYSE:SMWB)

Atom Investors LP grew its stake in shares of Similarweb Ltd. (NYSE:SMWB) by 41.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,942 shares of the company’s stock after acquiring an additional 41,935 shares during the period. Atom Investors LP owned 0.18% of Similarweb worth $1,272,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SMWB. California State Teachers Retirement System lifted its holdings in shares of Similarweb by 10.1% during the 1st quarter. California State Teachers Retirement System now owns 26,892 shares of the company’s stock worth $242,000 after acquiring an additional 2,475 shares during the period. Legato Capital Management LLC boosted its holdings in shares of Similarweb by 4.5% in the 2nd quarter. Legato Capital Management LLC now owns 102,987 shares of the company’s stock valued at $800,000 after purchasing an additional 4,455 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Similarweb by 122.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock valued at $90,000 after purchasing an additional 6,376 shares during the last quarter. Ceera Investments LLC raised its holdings in shares of Similarweb by 38.3% during the 2nd quarter. Ceera Investments LLC now owns 259,827 shares of the company’s stock worth $2,019,000 after buying an additional 71,994 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Similarweb by 60.8% during the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock worth $3,427,000 after buying an additional 167,500 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Price Performance

Shares of SMWB opened at $12.44 on Wednesday. The business has a 50-day moving average of $9.87 and a 200-day moving average of $8.54. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -113.00 and a beta of 1.03. Similarweb Ltd. has a 1 year low of $4.58 and a 1 year high of $12.99.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their target price on Similarweb from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. JMP Securities upped their price objective on shares of Similarweb from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Northland Securities raised their target price on shares of Similarweb from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Northland Capmk upgraded shares of Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th. Finally, William Blair reissued an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.14.

Similarweb Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.