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

Wellington Management Group LLP increased its holdings in shares of Similarweb Ltd. (NYSE:SMWB) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,624,685 shares of the company’s stock after purchasing an additional 657,928 shares during the period. Wellington Management Group LLP owned approximately 4.14% of Similarweb worth $22,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SMWB. Jump Financial LLC bought a new stake in Similarweb during the 2nd quarter worth approximately $1,457,000. Federated Hermes Inc. raised its holdings in Similarweb by 52.4% during the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock worth $376,000 after buying an additional 16,500 shares during the period. Qube Research & Technologies Ltd bought a new position in Similarweb in the second quarter valued at approximately $878,000. Nebula Research & Development LLC bought a new position in Similarweb in the second quarter valued at approximately $146,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Similarweb by 29.7% in the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after buying an additional 11,356 shares during the period. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Similarweb

In other news, CEO Or Offer sold 574,605 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $8.80, for a total transaction of $5,056,524.00. Following the completion of the transaction, the chief executive officer directly owned 4,598,291 shares in the company, valued at $40,464,960.80. This represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 1,092,724 shares of company stock worth $9,702,046.

Similarweb Price Performance

NYSE SMWB opened at $8.84 on Monday. The firm’s 50 day moving average is $7.52 and its 200-day moving average is $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 announced its earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. Similarweb had a negative net margin of 7.37% and a negative return on equity of 19.81%. The business had revenue of $77.19 million during the quarter.

Analyst Ratings Changes

SMWB has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Wall Street Zen raised shares of Similarweb from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Barclays increased their target price on Similarweb from $5.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Citigroup lifted 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. Finally, Northland Securities upgraded Similarweb from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Similarweb currently has a consensus rating of “Hold” and an average target price of $10.14.

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.