Nano Cap New Millennium Growth Fund L P Invests $1.26 Million in Similarweb Ltd. $SMWB

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Similarweb Ltd. (NYSE:SMWB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 167,500 shares of the company’s stock, valued at approximately $1,255,000. Similarweb makes up about 1.1% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 29th biggest position.

Several other large investors also recently modified their holdings of the stock. Phoenix Financial Ltd. grew its holdings in shares of Similarweb by 43.2% during the 4th quarter. Phoenix Financial Ltd. now owns 4,285,786 shares of the company’s stock worth $32,101,000 after purchasing an additional 1,292,700 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its holdings in shares of Similarweb by 37.9% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 3,208,394 shares of the company’s stock worth $29,838,000 after purchasing an additional 881,652 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after purchasing an additional 1,525,230 shares in the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Similarweb by 299.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,646,094 shares of the company’s stock worth $15,321,000 after purchasing an additional 1,233,928 shares in the last quarter. Finally, Portolan Capital Management LLC grew its holdings in shares of Similarweb by 62.0% during the 3rd quarter. Portolan Capital Management LLC now owns 1,179,000 shares of the company’s stock worth $10,965,000 after purchasing an additional 451,408 shares in the last quarter. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb Price Performance

NYSE SMWB opened at $3.80 on Friday. The business has a 50 day simple moving average of $2.81 and a 200 day simple moving average of $4.93. Similarweb Ltd. has a one year low of $2.22 and a one year high of $10.75. The stock has a market capitalization of $332.44 million, a P/E ratio of -10.84 and a beta of 1.11.

Similarweb (NYSE:SMWB) last released its earnings results on Wednesday, May 13th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The business had revenue of $73.88 million during the quarter, compared to analysts’ expectations of $73.04 million. Equities analysts expect that Similarweb Ltd. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Similarweb

In other news, Director Harel Moshe Beit-On acquired 75,000 shares of Similarweb stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $3.89 per share, with a total value of $291,750.00. Following the completion of the purchase, the director owned 10,885,778 shares of the company’s stock, valued at approximately $42,345,676.42. The trade was a 0.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Or Offer acquired 53,000 shares of Similarweb stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $3.58 per share, with a total value of $189,740.00. Following the purchase, the chief executive officer directly owned 4,694,396 shares of the company’s stock, valued at approximately $16,805,937.68. This trade represents a 1.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 171,105 shares of company stock valued at $620,226. Company insiders own 62.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Citigroup lowered Similarweb from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $8.50 to $3.00 in a report on Friday, April 10th. Barclays reduced their price objective on Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. Needham & Company LLC lowered Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Oppenheimer dropped their target price on Similarweb from $7.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.07.

Similarweb Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.