Nano Cap New Millennium Growth Fund L P Takes $1.26 Million Position in Similarweb Ltd. $SMWB

Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Similarweb Ltd. (NYSE:SMWB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 167,500 shares of the company’s stock, valued at approximately $1,255,000. Similarweb makes up 1.1% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 29th largest position. Nano Cap New Millennium Growth Fund L P owned approximately 0.20% of Similarweb at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC bought a new position in shares of Similarweb during the 3rd quarter valued at about $25,000. Wexford Capital LP bought a new position in shares of Similarweb during the 3rd quarter valued at about $64,000. Fullcircle Wealth LLC bought a new position in shares of Similarweb during the 3rd quarter valued at about $140,000. Nebula Research & Development LLC bought a new position in shares of Similarweb during the 2nd quarter valued at about $146,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Similarweb by 31.9% during the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock valued at $184,000 after purchasing an additional 4,777 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.

Similarweb Trading Down 0.7%

SMWB opened at $3.80 on Friday. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $10.75. The stock’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $4.93. The stock has a market cap of $332.44 million, a PE ratio of -10.84 and a beta of 1.11.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The business had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million. Equities analysts forecast that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Similarweb

In other news, Director Tamar Rapaport-Dagim acquired 40,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $3.22 per share, with a total value of $128,800.00. Following the acquisition, the director directly owned 63,584 shares in the company, valued at $204,740.48. This represents a 169.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Or Offer acquired 53,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $3.58 per share, for a total transaction of $189,740.00. Following the completion of the acquisition, the chief executive officer owned 4,694,396 shares in the company, valued at approximately $16,805,937.68. This represents a 1.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 171,105 shares of company stock valued at $620,226 in the last ninety days. 62.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SMWB has been the topic of several recent analyst reports. Northland Securities cut Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective on the stock. in a report on Wednesday, February 18th. William Blair cut Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Wall Street Zen cut Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Oppenheimer cut their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, Citigroup cut Similarweb from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.50 to $3.00 in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Similarweb presently has a consensus rating of “Hold” and an average target price of $7.07.

Similarweb 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.