GSA Capital Partners LLP Sells 7,313 Shares of Similarweb Ltd. (NYSE:SMWB)

GSA Capital Partners LLP lowered its position in Similarweb Ltd. (NYSE:SMWB) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,247 shares of the company’s stock after selling 7,313 shares during the quarter. GSA Capital Partners LLP owned approximately 0.06% of Similarweb worth $400,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Scalar Gauge Management LLC lifted its stake in Similarweb by 56.8% in the second quarter. Scalar Gauge Management LLC now owns 593,923 shares of the company’s stock valued at $4,615,000 after acquiring an additional 215,221 shares during the last quarter. Acadian Asset Management LLC increased its holdings 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 buying an additional 167,500 shares during the period. P.A.W. Capital Corp bought a new position in Similarweb in the 3rd quarter valued at about $3,536,000. Russell Investments Group Ltd. bought a new position in Similarweb in the 1st quarter valued at about $2,820,000. Finally, Ceera Investments LLC increased its holdings in Similarweb by 38.3% in the 2nd quarter. Ceera Investments LLC now owns 259,827 shares of the company’s stock valued at $2,019,000 after buying an additional 71,994 shares during the period. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Trading Up 2.2 %

Shares of Similarweb stock opened at $12.50 on Friday. Similarweb Ltd. has a 12-month low of $4.58 and a 12-month high of $12.72. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -113.64 and a beta of 0.84. The company’s 50-day moving average price is $9.29 and its 200-day moving average price is $8.28.

Analyst Ratings Changes

SMWB has been the topic of several research reports. JMP Securities lifted their price target on shares of Similarweb from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Similarweb in a research report on Wednesday, August 7th. Northland Securities began coverage on shares of Similarweb in a research report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price target on the stock. Barclays boosted their price target on shares of Similarweb from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, William Blair restated an “outperform” rating on shares of Similarweb in a research report on Monday, September 9th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $12.86.

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.