Squarepoint Ops LLC Trims Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Squarepoint Ops LLC trimmed its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 79.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,464 shares of the company's stock after selling 136,994 shares during the period. Squarepoint Ops LLC's holdings in Semrush were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. US Bancorp DE increased its position in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after acquiring an additional 3,446 shares during the period. Quarry LP grew its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after purchasing an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank increased its holdings in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush during the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 32.86% of the company's stock.

Insiders Place Their Bets

In other Semrush news, CFO Brian Mulroy sold 4,207 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the sale, the chief financial officer now directly owns 694,351 shares in the company, valued at approximately $5,978,362.11. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Andrew Warden sold 3,993 shares of Semrush stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the transaction, the chief marketing officer now directly owns 400,999 shares of the company's stock, valued at $3,793,450.54. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,583,087 shares of company stock worth $25,854,230. 55.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

SEMR has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group reduced 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. Finally, KeyCorp dropped their price target on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Semrush currently has a consensus rating of "Buy" and a consensus target price of $16.43.

Semrush Trading Up 2.5%

Shares of NASDAQ:SEMR traded up $0.26 on Friday, reaching $10.37. 1,131,678 shares of the company were exchanged, compared to its average volume of 573,692. The company has a 50-day moving average of $9.75 and a 200-day moving average of $12.25. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 129.58 and a beta of 1.71. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

About Semrush

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.