Similarweb Ltd. (NYSE:SMWB) Shares Bought by State Street Corp

State Street Corp grew its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 32.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,919 shares of the company's stock after buying an additional 46,102 shares during the period. State Street Corp owned 0.23% of Similarweb worth $1,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMWB. Cubist Systematic Strategies LLC lifted its stake in Similarweb by 4.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 51,272 shares of the company's stock worth $398,000 after acquiring an additional 2,138 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Similarweb by 4.3% during the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the company's stock worth $859,000 after purchasing an additional 4,599 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Similarweb by 122.5% in the second 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 period. Quantbot Technologies LP acquired a new position in shares of Similarweb in the third quarter valued at approximately $75,000. Finally, Oppenheimer & Co. Inc. increased its stake in Similarweb by 9.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 106,607 shares of the company's stock worth $942,000 after buying an additional 9,555 shares during the period. Institutional investors and hedge funds own 57.59% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SMWB. JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Similarweb in a research report on Wednesday, December 11th. William Blair reissued an "outperform" rating on shares of Similarweb in a research note on Thursday, December 19th. Northland Capmk raised Similarweb to a "strong-buy" rating in a research report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Similarweb in a research note on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Citigroup upped their target price on shares of Similarweb from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Similarweb has a consensus rating of "Buy" and an average price target of $13.50.

Similarweb Stock Down 1.3 %

SMWB stock traded down $0.18 during trading on Thursday, hitting $13.99. The company had a trading volume of 436,816 shares, compared to its average volume of 246,127. Similarweb Ltd. has a 1-year low of $5.07 and a 1-year high of $14.84. The firm has a 50-day moving average price of $11.98 and a 200-day moving average price of $9.42. The firm has a market cap of $1.13 billion, a PE ratio of -127.18 and a beta of 1.03.

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.