XTX Topco Ltd Increases Position in Similarweb Ltd. (NYSE:SMWB)

XTX Topco Ltd raised its holdings in Similarweb Ltd. (NYSE:SMWB) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,980 shares of the company’s stock after purchasing an additional 4,453 shares during the period. XTX Topco Ltd owned about 0.07% of Similarweb worth $477,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. P.A.W. Capital Corp purchased a new stake in Similarweb during the 3rd quarter worth approximately $3,536,000. Scalar Gauge Management LLC raised its position in Similarweb by 45.5% during the 3rd quarter. Scalar Gauge Management LLC now owns 863,923 shares of the company’s stock worth $7,637,000 after buying an additional 270,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Similarweb by 112.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 449,896 shares of the company’s stock worth $3,977,000 after purchasing an additional 238,428 shares in the last quarter. Walleye Capital LLC boosted its holdings in Similarweb by 115.9% during the third quarter. Walleye Capital LLC now owns 354,653 shares of the company’s stock worth $3,135,000 after buying an additional 190,380 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Similarweb by 60.8% in the 2nd quarter. Acadian Asset Management LLC now owns 442,917 shares of the company’s stock valued at $3,427,000 after purchasing an additional 167,500 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMWB shares. The Goldman Sachs Group assumed coverage on shares of Similarweb in a research note on Wednesday. They set a “buy” rating and a $16.00 price objective on the stock. Citigroup boosted their price objective on shares of Similarweb from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Similarweb in a research note on Wednesday. Finally, Northland Securities lifted their price target on shares of Similarweb from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $13.50.

Similarweb Stock Performance

Similarweb stock opened at $12.78 on Friday. Similarweb Ltd. has a 52 week low of $4.91 and a 52 week high of $13.52. The firm has a market capitalization of $1.03 billion, a PE ratio of -116.18 and a beta of 1.03. The business’s 50-day simple moving average is $10.60 and its 200-day simple moving average is $8.84.

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.