CenterBook Partners LP decreased its position in shares of Similarweb Ltd. (NYSE:SMWB – Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 960,996 shares of the company’s stock after selling 219,970 shares during the quarter. CenterBook Partners LP owned approximately 1.13% of Similarweb worth $7,198,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in Similarweb during the second quarter valued at about $1,457,000. Federated Hermes Inc. boosted its position in Similarweb by 52.4% during the second quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after purchasing an additional 16,500 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Similarweb during the second quarter valued at about $878,000. Nebula Research & Development LLC bought a new stake in Similarweb during the second quarter valued at about $146,000. Finally, California State Teachers Retirement System boosted its position in Similarweb by 29.7% during the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after purchasing an additional 11,356 shares in the last quarter. Institutional investors own 57.59% of the company’s stock.
Insider Transactions at Similarweb
In other news, CEO Or Offer acquired 53,000 shares of Similarweb stock in a transaction dated 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 purchase, the chief executive officer directly owned 4,694,396 shares in the company, valued at $16,805,937.68. This trade represents a 1.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harel Moshe Beit-On acquired 75,000 shares of Similarweb stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $3.89 per share, with a total value of $291,750.00. Following the completion of the purchase, the director owned 10,885,778 shares of the company’s stock, valued at approximately $42,345,676.42. The trade was a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 271,105 shares of company stock valued at $1,020,726.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Similarweb
Similarweb Stock Performance
Similarweb stock opened at $4.08 on Monday. The stock has a 50-day moving average of $3.14 and a two-hundred day moving average of $4.63. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75. The stock has a market cap of $357.06 million, a PE ratio of -11.65 and a beta of 1.25.
Similarweb (NYSE:SMWB – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.01 EPS 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 company had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. As a group, sell-side analysts predict that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.
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.
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