Similarweb Ltd. (NYSE:SMWB) Stock Holdings Raised by Scalar Gauge Management LLC

Scalar Gauge Management LLC boosted its stake in Similarweb Ltd. (NYSE:SMWB) by 45.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 863,923 shares of the company’s stock after acquiring an additional 270,000 shares during the quarter. Similarweb comprises about 4.1% of Scalar Gauge Management LLC’s holdings, making the stock its 7th largest holding. Scalar Gauge Management LLC owned approximately 1.07% of Similarweb worth $7,637,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SMWB. Quantbot Technologies LP acquired a new stake in Similarweb in the third quarter valued at $75,000. ANTIPODES PARTNERS Ltd grew its stake in Similarweb by 122.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 11,580 shares of the company’s stock worth $90,000 after purchasing an additional 6,376 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Similarweb in the 3rd quarter worth approximately $122,000. Verition Fund Management LLC bought a new stake in Similarweb during the third quarter valued at $160,000. Finally, California State Teachers Retirement System raised its holdings in shares of Similarweb by 10.1% during the first quarter. California State Teachers Retirement System now owns 26,892 shares of the company’s stock worth $242,000 after purchasing an additional 2,475 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SMWB shares. Northland Capmk raised shares of Similarweb to a “strong-buy” rating in a research report on Tuesday, September 10th. Citigroup upped their price objective on Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC lifted their price target on Similarweb from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Similarweb in a research note on Wednesday, August 7th. Finally, Northland Securities boosted their target price on Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Tuesday. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.14.

Similarweb Stock Performance

SMWB stock opened at $12.42 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of -112.82 and a beta of 0.84. The firm has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $8.46. Similarweb Ltd. has a 52 week low of $4.58 and a 52 week high of $12.99.

Similarweb Company Profile

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.