Similarweb Ltd. (NYSE:SMWB) Shares Bought by Atom Investors LP

Atom Investors LP increased its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 41.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,942 shares of the company's stock after purchasing an additional 41,935 shares during the quarter. Atom Investors LP owned approximately 0.18% of Similarweb worth $1,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Similarweb in the third quarter worth approximately $75,000. ANTIPODES PARTNERS Ltd lifted its holdings in Similarweb by 122.5% during the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company's stock worth $90,000 after buying an additional 6,376 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Similarweb during the third quarter worth $122,000. Verition Fund Management LLC purchased a new stake in Similarweb during the third quarter worth $160,000. Finally, California State Teachers Retirement System lifted its holdings in Similarweb by 10.1% during the first quarter. California State Teachers Retirement System now owns 26,892 shares of the company's stock worth $242,000 after buying an additional 2,475 shares during the period. Institutional investors own 57.59% of the company's stock.

Analyst Ratings Changes

SMWB has been the subject of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 target price on shares of Similarweb in a report on Wednesday, August 7th. Citigroup upped their target price on Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. JMP Securities increased their price objective on Similarweb from $16.00 to $17.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. Northland Securities increased their price objective on Similarweb from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Finally, Needham & Company LLC increased their price objective on Similarweb from $11.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $13.14.

Similarweb Stock Performance

SMWB stock traded up $0.64 during midday trading on Wednesday, reaching $13.07. The stock had a trading volume of 1,009,797 shares, compared to its average volume of 225,705. The stock has a market cap of $1.06 billion, a PE ratio of -114.55 and a beta of 1.03. The firm has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $8.57. Similarweb Ltd. has a 52-week low of $4.58 and a 52-week high 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.