Trexquant Investment LP Takes $761,000 Position in Semrush Holdings, Inc. $SEMR

Key Points

• Trexquant Investment LP has acquired a new position in Semrush Holdings, purchasing 81,544 shares valued at approximately $761,000.
• Several institutional investors increased their stakes in Semrush during the first quarter, with Next Century Growth Investors LLC raising its position by 23.1%.
• Wall Street analysts have varied opinions on Semrush, with Goldman Sachs lowering its target price from $12.00 to $9.00, while Needham & Company maintains a "buy" rating with a price target of $12.00.

Trexquant Investment LP acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 81,544 shares of the company's stock, valued at approximately $761,000. Trexquant Investment LP owned about 0.06% of Semrush at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Next Century Growth Investors LLC increased its position in Semrush by 23.1% during the 1st quarter. Next Century Growth Investors LLC now owns 796,151 shares of the company's stock worth $7,428,000 after purchasing an additional 149,445 shares in the last quarter. Ieq Capital LLC acquired a new stake in Semrush during the 1st quarter worth approximately $303,000. Jump Financial LLC increased its position in Semrush by 100.3% during the 1st quarter. Jump Financial LLC now owns 88,704 shares of the company's stock worth $828,000 after purchasing an additional 44,422 shares in the last quarter. AlphaQuest LLC increased its position in Semrush by 206.2% during the 1st quarter. AlphaQuest LLC now owns 15,121 shares of the company's stock worth $141,000 after purchasing an additional 10,182 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in Semrush by 2.4% during the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company's stock worth $507,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

Wall Street Analyst Weigh In

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

Semrush Stock Up 0.3%

Shares of NASDAQ:SEMR opened at $7.71 on Monday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 96.32 and a beta of 1.64. The company has a 50 day moving average of $8.42 and a two-hundred day moving average of $9.46. Semrush Holdings, Inc. has a 52-week low of $7.01 and a 52-week high of $18.74.

Insider Activity at Semrush

In other news, CMO Andrew Warden sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. This represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Vranesh sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 116,693 shares of the company's stock, valued at approximately $1,166,930. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,406 shares of company stock valued at $116,819. Company insiders own 55.61% of the company's stock.

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.

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