44,600 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,600 shares of the company's stock, valued at approximately $530,000.

Several other hedge funds have also recently made changes to their positions in SEMR. Vanguard Group Inc. boosted its holdings in Semrush by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock worth $61,505,000 after purchasing an additional 113,222 shares during the last quarter. Dorsey Asset Management LLC boosted its stake in shares of Semrush by 6.8% in the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after buying an additional 144,534 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Semrush by 153.8% in the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after acquiring an additional 755,220 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after acquiring an additional 541,899 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SEMR has been the topic of several recent research 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 note on Wednesday, April 16th. KeyCorp dropped their price objective on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, 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 report on Friday, March 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Semrush presently has an average rating of "Buy" and an average target price of $16.43.

Insiders Place Their Bets

In other Semrush news, CTO Oleg Shchegolev sold 9,563 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $90,274.72. Following the sale, the chief technology officer now owns 7,402,719 shares in the company, valued at $69,881,667.36. This represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Eugenie Levin sold 4,075 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total value of $38,468.00. Following the completion of the sale, the president now directly owns 797,393 shares in the company, valued at $7,527,389.92. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,563,087 shares of company stock valued at $25,645,630 in the last three months. 55.61% of the stock is currently owned by insiders.

Semrush Price Performance

SEMR stock traded up $0.32 during mid-day trading on Friday, reaching $10.43. 364,883 shares of the company's stock were exchanged, compared to its average volume of 570,739. The stock's 50 day moving average is $9.75 and its 200 day moving average is $12.25. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 130.39 and a beta of 1.71. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month 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.