Cubist Systematic Strategies LLC Has $1.53 Million Holdings in Similarweb Ltd. $SMWB

Key Points

• Cubist Systematic Strategies LLC increased its stake in Similarweb Ltd. by 80.2%, owning approximately 185,502 shares valued at $1.53 million as of the end of the first quarter.
• Analyst ratings for Similarweb include one "Strong Buy", nine "Buy", and one "Hold", with an average target price of $14.88, reflecting positive expectations for the stock.
• Similarweb's current market cap is $821.20 million, with the stock trading between a twelve-month low of $6.36 and a high of $17.64.

Cubist Systematic Strategies LLC raised its holdings in Similarweb Ltd. (NYSE:SMWB - Free Report) by 80.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,502 shares of the company's stock after purchasing an additional 82,536 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.22% of Similarweb worth $1,534,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Similarweb in the 1st quarter valued at about $5,979,000. Herald Investment Management Ltd bought a new stake in Similarweb in the 1st quarter valued at about $2,478,000. BNP Paribas Financial Markets bought a new stake in shares of Similarweb during the 4th quarter worth approximately $1,254,000. Bank of America Corp DE lifted its holdings in shares of Similarweb by 145.0% during the 4th quarter. Bank of America Corp DE now owns 276,935 shares of the company's stock worth $3,924,000 after acquiring an additional 163,919 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Similarweb by 109.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,410,826 shares of the company's stock worth $11,668,000 after acquiring an additional 736,004 shares during the period. Institutional investors own 57.59% of the company's stock.

Similarweb Stock Up 1.0%

NYSE SMWB traded up $0.10 on Friday, hitting $10.09. The company's stock had a trading volume of 424,902 shares, compared to its average volume of 546,928. Similarweb Ltd. has a 1-year low of $6.36 and a 1-year high of $17.64. The company's 50-day moving average is $8.83 and its 200 day moving average is $8.23. The firm has a market cap of $856.34 million, a PE ratio of -28.83 and a beta of 1.13.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Similarweb from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. Barclays reaffirmed an "overweight" rating on shares of Similarweb in a report on Wednesday, August 13th. Zacks Research raised shares of Similarweb from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Citigroup cut their price target on shares of Similarweb from $13.00 to $11.00 and set a "buy" rating for the company in a report on Friday, August 1st. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.88.

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.