CenterBook Partners LP Purchases 281,328 Shares of Similarweb Ltd. $SMWB

CenterBook Partners LP lifted its position in shares of Similarweb Ltd. (NYSE:SMWB) by 46.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 881,065 shares of the company’s stock after purchasing an additional 281,328 shares during the period. CenterBook Partners LP’s holdings in Similarweb were worth $6,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMWB. Wellington Management Group LLP grew its stake in shares of Similarweb by 22.2% during the second quarter. Wellington Management Group LLP now owns 3,624,685 shares of the company’s stock worth $22,219,000 after purchasing an additional 657,928 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Similarweb by 104.6% during the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock worth $1,931,000 after buying an additional 378,200 shares during the last quarter. Militia Capital Management LLC purchased a new stake in Similarweb during the 1st quarter worth about $616,000. Lavelle Capital LP purchased a new stake in Similarweb during the 1st quarter worth about $529,000. Finally, Bank of America Corp DE boosted its position in shares of Similarweb by 475.3% during the 1st quarter. Bank of America Corp DE now owns 63,985 shares of the company’s stock worth $167,000 after acquiring an additional 52,863 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Performance

NYSE SMWB traded down $0.12 during trading hours on Friday, hitting $8.29. The company had a trading volume of 385,801 shares, compared to its average volume of 424,932. The business has a 50 day moving average of $8.49 and a 200-day moving average of $5.60. The company has a market cap of $725.77 million, a PE ratio of -33.14 and a beta of 1.36. Similarweb Ltd. has a 1-year low of $2.22 and a 1-year high of $9.50.

Similarweb (NYSE:SMWB) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%. The business had revenue of $77.19 million for the quarter.

Analyst Upgrades and Downgrades

SMWB has been the topic of a number of recent analyst reports. Needham & Company LLC upgraded Similarweb from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, September 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, August 12th. Zacks Research downgraded Similarweb from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and increased their price target for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Finally, Citigroup raised their price objective on shares of Similarweb from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.71.

Insider Transactions at Similarweb

In other Similarweb news, CEO Or Offer sold 574,605 shares of Similarweb stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the transaction, the chief executive officer owned 4,598,291 shares of the company’s stock, valued at $40,464,960.80. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 1,760,534 shares of company stock worth $15,163,145. Company insiders own 62.40% of the company’s stock.

Similarweb Profile

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.