Similarweb Ltd. (NYSE:SMWB) Shares Bought by ARK Investment Management LLC #Similarweb #NYSESMWB #Shares #Bought #ARK #Investment #Management #LLC Welcome to Americanah Blog, here is the new story we have for you today:
ARK Investment Management LLC grew its holdings in shares of Similarweb Ltd. (NYSE:SMWB – Get Rating) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,316 shares of the company’s stock after purchasing an additional 4,776 shares during the period. ARK Investment Management LLC’s holdings in Similarweb were worth $1,467,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ulysses Management LLC acquired a new position in Similarweb during the fourth quarter worth about $26,477,000. Meitav Dash Investments Ltd. grew its holdings in Similarweb by 70.1% during the first quarter. Meitav Dash Investments Ltd. now owns 550,821 shares of the company’s stock worth $7,086,000 after acquiring an additional 227,059 shares during the period. Premier Fund Managers Ltd acquired a new position in Similarweb during the first quarter worth about $4,527,000. Blair William & Co. IL grew its holdings in Similarweb by 0.5% during the first quarter. Blair William & Co. IL now owns 309,863 shares of the company’s stock worth $4,013,000 after acquiring an additional 1,502 shares during the period. Finally, Phoenix Holdings Ltd. grew its holdings in Similarweb by 89.0% during the first quarter. Phoenix Holdings Ltd. now owns 109,953 shares of the company’s stock worth $1,424,000 after acquiring an additional 51,775 shares during the period. 36.86% of the stock is owned by institutional investors and hedge funds.
Similarweb Trading Down 3.2 %
NYSE:SMWB opened at $7.04 on Tuesday. Similarweb Ltd. has a 1-year low of $6.96 and a 1-year high of $22.59. The stock has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $10.10.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on SMWB shares. Cantor Fitzgerald started coverage on Similarweb in a report on Tuesday, May 24th. They set an “overweight” rating and a $17.00 target price on the stock. Barclays decreased their price target on Similarweb from $22.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th.
Similarweb Company Profile
Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors’ online acquisition strategies in each marketing channel.
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