Semrush Holdings, Inc. $SEMR Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has increased its stake in Semrush Holdings, Inc. by 25.6%, acquiring an additional 74,540 shares, bringing its total ownership to approximately 365,910 shares valued at $3,414,000.
• Multiple institutional investors have recently adjusted their holdings in Semrush, with combined ownership now at 32.86% of the company’s stock.
• Investment analysts have provided various price targets for Semrush, with Goldman Sachs lowering theirs to $9.00, while KeyCorp maintained a target of $12.00.

Cubist Systematic Strategies LLC increased its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 25.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,910 shares of the company's stock after buying an additional 74,540 shares during the period. Cubist Systematic Strategies LLC owned about 0.25% of Semrush worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SEMR. Vanguard Group Inc. increased its holdings in Semrush by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,218,495 shares of the company's stock worth $48,689,000 after acquiring an additional 41,267 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Semrush by 18.7% during the first quarter. Wellington Management Group LLP now owns 1,819,030 shares of the company's stock worth $16,972,000 after purchasing an additional 286,674 shares in the last quarter. Millennium Management LLC increased its stake in shares of Semrush by 153.8% during the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after purchasing an additional 755,220 shares in the last quarter. Nuveen LLC acquired a new position in shares of Semrush during the 1st quarter worth about $10,762,000. Finally, Dimensional Fund Advisors LP lifted its stake in Semrush by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock valued at $9,768,000 after buying an additional 123,709 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

Insider Buying and Selling at Semrush

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total value of $54,390.00. Following the completion of the sale, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Vranesh sold 5,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the director owned 116,693 shares of the company's stock, valued at approximately $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,406 shares of company stock valued at $116,819. 55.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on SEMR shares. KeyCorp set a $12.00 price objective on Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group reduced their price objective on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Morgan Stanley set a $9.00 price objective on Semrush and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Needham & Company LLC reduced their price objective on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $14.00.

Semrush Trading Down 1.0%

NASDAQ:SEMR traded down $0.07 during trading hours on Tuesday, hitting $7.71. The company had a trading volume of 823,430 shares, compared to its average volume of 871,701. The company has a 50-day moving average of $8.40 and a 200 day moving average of $9.40. The company has a market cap of $1.15 billion, a P/E ratio of 96.34 and a beta of 1.64. Semrush Holdings, Inc. has a 1 year low of $7.01 and a 1 year high of $18.74.

Semrush 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.