S Squared Technology LLC Decreases Position in Similarweb Ltd. $SMWB

S Squared Technology LLC reduced its stake in Similarweb Ltd. (NYSE:SMWB) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,672 shares of the company’s stock after selling 313,819 shares during the period. Similarweb makes up about 2.3% of S Squared Technology LLC’s holdings, making the stock its 16th largest holding. S Squared Technology LLC owned about 0.81% of Similarweb worth $5,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMWB. MQS Management LLC purchased a new stake in Similarweb during the 2nd quarter worth about $125,000. Fox Run Management L.L.C. acquired a new position in shares of Similarweb during the second quarter worth about $129,000. ANTIPODES PARTNERS Ltd increased its stake in shares of Similarweb by 8.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after buying an additional 1,344 shares during the period. Teacher Retirement System of Texas raised its holdings in Similarweb by 70.1% in the first quarter. Teacher Retirement System of Texas now owns 18,362 shares of the company’s stock valued at $152,000 after acquiring an additional 7,566 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Similarweb by 15.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,032 shares of the company’s stock worth $174,000 after acquiring an additional 2,825 shares during the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Similarweb Price Performance

Shares of NYSE SMWB opened at $8.41 on Monday. The stock has a market cap of $713.73 million, a PE ratio of -24.03 and a beta of 1.09. Similarweb Ltd. has a 52-week low of $6.36 and a 52-week high of $17.64. The business has a 50-day moving average price of $9.22 and a 200 day moving average price of $8.47.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays reissued an “overweight” rating on shares of Similarweb in a research report on Wednesday, August 13th. Oppenheimer increased their target price on Similarweb from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Zacks Research upgraded Similarweb from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.