Similarweb Ltd. (NYSE:SMWB) is Alpha Family Trust's 6th Largest Position

Alpha Family Trust lessened its stake in Similarweb Ltd. (NYSE:SMWB - Free Report) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,669 shares of the company's stock after selling 283,890 shares during the period. Similarweb makes up about 4.1% of Alpha Family Trust's holdings, making the stock its 6th biggest holding. Alpha Family Trust owned 1.03% of Similarweb worth $7,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SMWB. New York State Common Retirement Fund purchased a new stake in shares of Similarweb in the 4th quarter valued at $39,000. Keybank National Association OH purchased a new stake in shares of Similarweb in the 4th quarter valued at $161,000. Victory Capital Management Inc. purchased a new stake in shares of Similarweb in the 4th quarter valued at $6,090,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Similarweb by 50.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,465 shares of the company's stock valued at $9,600,000 after purchasing an additional 227,569 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Similarweb by 28.4% in the 4th quarter. Swiss National Bank now owns 80,974 shares of the company's stock valued at $1,147,000 after purchasing an additional 17,900 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company's stock.

Wall Street Analysts Forecast Growth

SMWB has been the subject of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays lowered their price target on shares of Similarweb from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $15.75.

Similarweb Stock Performance

NYSE SMWB remained flat at $8.84 during trading on Monday. 865,900 shares of the company's stock traded hands, compared to its average volume of 488,186. The stock has a 50 day simple moving average of $7.72 and a two-hundred day simple moving average of $10.07. The firm has a market capitalization of $730.36 million, a P/E ratio of -40.18 and a beta of 1.10. Similarweb Ltd. has a 1-year low of $5.71 and a 1-year high of $17.64.

Similarweb (NYSE:SMWB - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). Similarweb had a negative net margin of 6.97% and a negative return on equity of 71.14%. The firm had revenue of $67.09 million for the quarter, compared to analysts' expectations of $66.37 million. As a group, equities research analysts expect that Similarweb Ltd. will post -0.24 EPS for the current fiscal year.

Similarweb 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.