Wellington Management Group LLP Has $22.22 Million Holdings in Similarweb Ltd. $SMWB

Wellington Management Group LLP lifted its position in Similarweb Ltd. (NYSE:SMWB) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,624,685 shares of the company’s stock after buying an additional 657,928 shares during the quarter. Wellington Management Group LLP’s holdings in Similarweb were worth $22,219,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Phoenix Financial Ltd. raised its holdings in shares of Similarweb by 43.2% in the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock valued at $32,101,000 after purchasing an additional 1,292,700 shares during the period. Renaissance Technologies LLC lifted its stake in Similarweb by 104.6% in the 1st quarter. Renaissance Technologies LLC now owns 739,673 shares of the company’s stock valued at $1,931,000 after purchasing an additional 378,200 shares during the last quarter. UBS Group AG grew its holdings in Similarweb by 701.6% during the third quarter. UBS Group AG now owns 312,987 shares of the company’s stock worth $2,911,000 after purchasing an additional 273,943 shares during the period. Militia Capital Management LLC bought a new position in Similarweb during the first quarter worth about $616,000. Finally, Lavelle Capital LP acquired a new position in Similarweb during the first quarter worth approximately $529,000. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Similarweb news, CEO Or Offer sold 383,127 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $9.00, for a total transaction of $3,448,143.00. Following the transaction, the chief executive officer owned 4,598,291 shares in the company, valued at $41,384,619. This trade represents a 7.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 1,092,724 shares of company stock worth $9,702,046.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SMWB shares. Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $5.00 to $10.00 in a research note on Wednesday, August 12th. Oppenheimer boosted their target price on Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Citigroup increased their price target on Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Wall Street Zen raised Similarweb from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.14.

Similarweb Price Performance

Shares of SMWB stock opened at $8.84 on Monday. The firm has a 50 day moving average price of $7.52 and a two-hundred day moving average price of $4.78. The company has a market capitalization of $774.38 million, a PE ratio of -35.36 and a beta of 1.21. Similarweb Ltd. has a 12-month low of $2.22 and a 12-month high of $10.35.

Similarweb (NYSE:SMWB) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.The company had revenue of $77.19 million during the quarter.

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.