Two Sigma Investments LP Boosts Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Two Sigma Investments LP lifted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 56.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 174,927 shares of the company's stock after acquiring an additional 63,200 shares during the period. Two Sigma Investments LP owned 0.12% of Semrush worth $2,078,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SEMR. US Bancorp DE increased its stake in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after purchasing an additional 3,446 shares during the last quarter. Quarry LP boosted its stake in Semrush by 504.8% during the 4th 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 purchased a new position in Semrush during the 4th quarter worth $71,000. Comerica Bank increased its stake in 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 in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SEMR shares. KeyCorp lowered their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group lifted their target price on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Morgan Stanley dropped their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $16.43.

Insider Activity

In other Semrush news, Director Mark Vranesh sold 5,000 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the director now owns 103,731 shares of the company's stock, valued at approximately $1,037,310. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Oleg Shchegolev sold 9,563 shares of Semrush stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total value of $90,274.72. Following the transaction, the chief technology officer now directly owns 7,402,719 shares of the company's stock, valued at $69,881,667.36. This trade represents a 0.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,535,587 shares of company stock worth $25,370,405. Company insiders own 55.61% of the company's stock.

Semrush Price Performance

Shares of SEMR stock traded up $0.29 during trading hours on Tuesday, reaching $10.05. 2,799,068 shares of the company's stock were exchanged, compared to its average volume of 562,153. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The company has a market cap of $1.49 billion, a P/E ratio of 125.59 and a beta of 1.79. The company's 50 day moving average is $9.72 and its two-hundred day moving average is $12.30.

Semrush Company 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.