CenterBook Partners LP Trims Holdings in Similarweb Ltd. $SMWB

CenterBook Partners LP trimmed its position in Similarweb Ltd. (NYSE:SMWB) by 18.6% in the 4th quarter, HoldingsChannel reports. The firm owned 960,996 shares of the company’s stock after selling 219,970 shares during the quarter. CenterBook Partners LP’s holdings in Similarweb were worth $7,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Royce & Associates LP acquired a new stake in Similarweb during the third quarter worth about $4,597,000. First Eagle Investment Management LLC grew its holdings in Similarweb by 221.5% during the third quarter. First Eagle Investment Management LLC now owns 545,001 shares of the company’s stock worth $5,069,000 after acquiring an additional 375,496 shares during the period. Penn Capital Management Company LLC grew its holdings in Similarweb by 299.4% during the third quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after acquiring an additional 1,233,928 shares during the period. Phoenix Financial Ltd. grew its holdings in Similarweb by 43.2% during the fourth quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after acquiring an additional 1,292,700 shares during the period. Finally, Portolan Capital Management LLC grew its holdings in Similarweb by 62.0% during the third quarter. Portolan Capital Management LLC now owns 1,179,000 shares of the company’s stock worth $10,965,000 after acquiring an additional 451,408 shares during the period. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Trading Up 0.4%

Shares of SMWB opened at $4.08 on Monday. Similarweb Ltd. has a 12 month low of $2.22 and a 12 month high of $10.75. The stock’s 50 day moving average is $3.14 and its two-hundred day moving average is $4.63. The firm has a market cap of $357.06 million, a P/E ratio of -11.65 and a beta of 1.25.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $73.04 million. Equities research analysts forecast that Similarweb Ltd. will post -0.08 EPS for the current year.

Insider Transactions at Similarweb

In other news, Director Harel Moshe Beit-On purchased 75,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $3.89 per share, with a total value of $291,750.00. Following the completion of the purchase, the director directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Or Offer purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $4.15 per share, with a total value of $207,500.00. Following the completion of the transaction, the chief executive officer directly owned 4,744,396 shares of the company’s stock, valued at $19,689,243.40. This represents a 1.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 271,105 shares of company stock valued at $1,020,726 in the last 90 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped their target price on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Citigroup lowered Similarweb from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Wall Street Zen lowered Similarweb from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, William Blair lowered Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.07.

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.