Two Sigma Advisers LP Acquires New Shares in Semrush Holdings, Inc. (NASDAQ:SEMR)

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

A number of other large investors also recently made changes to their positions in SEMR. US Bancorp DE increased its stake in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP increased its stake in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after purchasing an additional 3,589 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Semrush during the fourth quarter worth approximately $71,000. Comerica Bank increased its stake in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of Semrush during the fourth quarter worth approximately $86,000. Institutional investors own 32.86% of the company's stock.

Semrush Stock Up 2.5%

Shares of SEMR stock traded up $0.26 during trading hours on Friday, reaching $10.37. The company's stock had a trading volume of 1,131,678 shares, compared to its average volume of 573,898. The firm's 50 day simple moving average is $9.77 and its 200-day simple moving average is $12.22. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 129.58 and a beta of 1.71. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74.

Insider Buying and Selling at Semrush

In other Semrush news, President Eugenie Levin sold 4,075 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total value of $38,468.00. Following the sale, the president now owns 797,393 shares of the company's stock, valued at approximately $7,527,389.92. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the firm's stock in a transaction on 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 directly owns 26,739,320 shares in the company, valued at approximately $267,660,593.20. This represents a 8.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,583,087 shares of company stock valued at $25,854,230. 55.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SEMR. KeyCorp lowered their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley lowered their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note 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. According to MarketBeat, Semrush presently has a consensus rating of "Buy" and a consensus target price of $16.43.

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.