GSA Capital Partners LLP Reduces Stock Holdings in Similarweb Ltd. (NYSE:SMWB)

GSA Capital Partners LLP lowered its position in Similarweb Ltd. (NYSE:SMWB) by 35.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,272 shares of the company’s stock after selling 37,936 shares during the quarter. GSA Capital Partners LLP’s holdings in Similarweb were worth $623,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Scalar Gauge Management LLC acquired a new stake in shares of Similarweb during the fourth quarter valued at $1,188,000. Circumference Group LLC acquired a new stake in shares of Similarweb during the fourth quarter valued at $725,000. ANTIPODES PARTNERS Ltd boosted its stake in shares of Similarweb by 118.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 9,166 shares of the company’s stock valued at $48,000 after acquiring an additional 4,974 shares during the last quarter. ARK Investment Management LLC boosted its stake in Similarweb by 9.8% in the 4th quarter. ARK Investment Management LLC now owns 340,739 shares of the company’s stock worth $1,816,000 after buying an additional 30,543 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Similarweb in the 1st quarter worth about $136,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Stock Performance

SMWB opened at $6.50 on Friday. The business has a 50-day moving average of $7.56 and a two-hundred day moving average of $7.49. Similarweb Ltd. has a 12 month low of $4.58 and a 12 month high of $9.76.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $58.98 million during the quarter, compared to analysts’ expectations of $58.77 million. Similarweb had a negative return on equity of 129.91% and a negative net margin of 9.04%. Research analysts predict that Similarweb Ltd. will post -0.15 EPS for the current fiscal year.

About Similarweb

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.