Similarweb Ltd. (NYSE:SMWB) Shares Sold by Alpha Family Trust

Alpha Family Trust trimmed its position in Similarweb Ltd. (NYSE:SMWB - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,135,559 shares of the company's stock after selling 513,156 shares during the quarter. Similarweb accounts for 9.0% of Alpha Family Trust's holdings, making the stock its biggest holding. Alpha Family Trust owned 1.40% of Similarweb worth $16,091,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Similarweb in the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund acquired a new position in Similarweb in the 4th quarter valued at $39,000. Heck Capital Advisors LLC bought a new stake in shares of Similarweb during the 4th quarter valued at $115,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Similarweb during the 4th quarter worth $115,000. Finally, Barclays PLC increased its position in shares of Similarweb by 201.0% in the third quarter. Barclays PLC now owns 15,414 shares of the company's stock worth $136,000 after purchasing an additional 10,293 shares during the period. Institutional investors own 57.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SMWB shares. Citigroup upped their price objective on shares of Similarweb from $14.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price target on shares of Similarweb from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of Similarweb in a research report on Thursday, February 13th. Northland Securities raised their target price on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Similarweb in a report on Thursday, February 13th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.75.

Similarweb Price Performance

NYSE:SMWB opened at $7.61 on Friday. Similarweb Ltd. has a one year low of $5.71 and a one year high of $17.64. The company has a market cap of $628.73 million, a PE ratio of -54.35 and a beta of 1.12. The firm's 50 day simple moving average is $8.10 and its 200 day simple moving average is $11.18.

Similarweb (NYSE:SMWB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.10). Similarweb had a negative return on equity of 47.62% and a negative net margin of 4.58%. Equities research analysts expect that Similarweb Ltd. will post -0.24 EPS for the current year.

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.

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