Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of Similarweb Ltd. (NYSE:SMWB - Free Report) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,712,557 shares of the company's stock after selling 253,511 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.12% of Similarweb worth $15,139,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of SMWB. Russell Investments Group Ltd. acquired a new position in Similarweb during the first quarter worth $2,820,000. Oppenheimer & Co. Inc. acquired a new position in shares of Similarweb during the 1st quarter worth about $654,000. Acadian Asset Management LLC raised its holdings in shares of Similarweb by 3,663.6% in the 1st quarter. Acadian Asset Management LLC now owns 275,417 shares of the company's stock valued at $2,468,000 after purchasing an additional 268,099 shares during the period. Inspire Investing LLC acquired a new stake in Similarweb in the 3rd quarter valued at about $886,000. Finally, Scalar Gauge Management LLC grew its holdings in Similarweb by 56.8% during the second quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company's stock worth $4,615,000 after purchasing an additional 215,221 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SMWB shares. William Blair reaffirmed an "outperform" rating on shares of Similarweb in a research report on Monday, September 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Similarweb in a research report on Wednesday, August 7th. Needham & Company LLC initiated coverage on shares of Similarweb in a report on Monday, October 21st. They issued a "buy" rating and a $11.00 price objective on the stock. Northland Capmk upgraded shares of Similarweb to a "strong-buy" rating in a research note on Tuesday, September 10th. Finally, Northland Securities began coverage on shares of Similarweb in a report on Tuesday, September 10th. They issued an "outperform" rating and a $15.00 price target on the stock. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Similarweb currently has a consensus rating of "Buy" and a consensus target price of $11.71.
Check Out Our Latest Stock Analysis on Similarweb
Similarweb Stock Performance
NYSE:SMWB traded up $0.37 during mid-day trading on Friday, reaching $9.95. 307,974 shares of the company's stock were exchanged, compared to its average volume of 150,013. The firm has a market capitalization of $805.15 million, a PE ratio of -71.07 and a beta of 0.84. Similarweb Ltd. has a one year low of $4.58 and a one year high of $10.00. The business's fifty day simple moving average is $8.87 and its two-hundred day simple moving average is $8.03.
About Similarweb
(
Free Report)
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.
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