Militia Capital Management LLC Takes $616,000 Position in Similarweb Ltd. $SMWB

Militia Capital Management LLC purchased a new stake in Similarweb Ltd. (NYSE:SMWB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 236,000 shares of the company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMWB. Jump Financial LLC purchased a new position in Similarweb in the second quarter worth approximately $1,457,000. Federated Hermes Inc. increased its stake in Similarweb by 52.4% during the second quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock worth $376,000 after acquiring an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Similarweb in the second quarter valued at $878,000. Nebula Research & Development LLC purchased a new stake in Similarweb in the second quarter valued at $146,000. Finally, California State Teachers Retirement System lifted its stake in shares of Similarweb by 29.7% in the 2nd quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock valued at $389,000 after purchasing an additional 11,356 shares during the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.

Insider Transactions at Similarweb

In other Similarweb news, Director Barak Eilam purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $3.86 per share, for a total transaction of $193,000.00. Following the completion of the purchase, the director directly owned 101,315 shares of the company’s stock, valued at approximately $391,075.90. This trade represents a 97.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tamar Rapaport-Dagim purchased 40,000 shares of Similarweb stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the transaction, the director directly owned 63,584 shares of the company’s stock, valued at approximately $204,740.48. This represents a 169.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 271,105 shares of company stock worth $1,020,726 over the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMWB. Citigroup increased their price target on Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Oppenheimer boosted their price objective on shares of Similarweb from $4.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, Barclays decreased their target price on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. 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 company. According to MarketBeat, Similarweb currently has a consensus rating of “Hold” and a consensus target price of $8.07.

Similarweb Stock Up 1.4%

Shares of NYSE SMWB opened at $7.27 on Tuesday. The business’s 50 day moving average is $5.67 and its two-hundred day moving average is $4.23. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.75. The firm has a market cap of $637.11 million, a price-to-earnings ratio of -20.78 and a beta of 1.13.

Similarweb (NYSE:SMWB) last released its quarterly 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 analyst estimates of $73.04 million. Analysts anticipate that Similarweb Ltd. will post -0.08 EPS for the current fiscal year.

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.