Two Sigma Investments LP Buys 63,200 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Two Sigma Investments LP raised its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 56.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 174,927 shares of the company’s stock after purchasing an additional 63,200 shares during the period. Two Sigma Investments LP owned 0.12% of Semrush worth $2,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Semrush in the fourth quarter worth $6,869,000. Y Intercept Hong Kong Ltd increased its stake in shares of Semrush by 166.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after purchasing an additional 64,514 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Semrush in the fourth quarter worth $608,000. Principal Financial Group Inc. grew its stake in Semrush by 10.6% during the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock valued at $380,000 after acquiring an additional 3,059 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Semrush by 17.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company’s stock valued at $9,768,000 after acquiring an additional 123,709 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Semrush

In other news, CTO Oleg Shchegolev sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total value of $25,025,000.00. Following the completion of the sale, the chief technology officer now owns 26,739,320 shares in the company, valued at approximately $267,660,593.20. This trade represents a 8.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 3,993 shares of Semrush stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total transaction of $37,773.78. Following the sale, the chief marketing officer now owns 400,999 shares of the company’s stock, valued at $3,793,450.54. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,535,587 shares of company stock worth $25,370,405. 55.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on SEMR. Jefferies Financial Group raised their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, KeyCorp lowered their price objective on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.43.

Semrush Stock Down 0.1%

SEMR stock opened at $9.87 on Monday. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The company has a fifty day simple moving average of $9.73 and a two-hundred day simple moving average of $12.33. The firm has a market capitalization of $1.46 billion, a P/E ratio of 123.39 and a beta of 1.79.

Semrush Company Profile

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.