Renaissance Technologies LLC Buys 169,142 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Renaissance Technologies LLC boosted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 56.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,542 shares of the company's stock after acquiring an additional 169,142 shares during the quarter. Renaissance Technologies LLC owned 0.32% of Semrush worth $5,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in Semrush in the fourth quarter valued at $6,869,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Semrush by 122.4% in the 4th 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 in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Semrush by 312.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 201,317 shares of the company's stock valued at $2,392,000 after acquiring an additional 152,548 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Semrush by 356.3% in the fourth quarter. Alliancebernstein L.P. now owns 149,421 shares of the company's stock valued at $1,775,000 after acquiring an additional 116,672 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock worth $61,505,000 after acquiring an additional 113,222 shares in the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Semrush

In related news, President Eugenie Levin sold 15,093 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.11, for a total value of $258,241.23. Following the transaction, the president now directly owns 493,456 shares in the company, valued at approximately $8,443,032.16. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel David W. Mason sold 1,875 shares of Semrush stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares of the company's stock, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,374 shares of company stock worth $1,962,411. Insiders own 57.83% of the company's stock.

Wall Street Analysts Forecast Growth

SEMR has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Northland Securities began coverage on shares of Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $17.14.

Semrush Trading Down 0.0 %

Shares of NASDAQ:SEMR traded down $0.01 on Friday, hitting $10.21. The company had a trading volume of 63,516 shares, compared to its average volume of 545,576. The stock has a 50 day moving average price of $10.55 and a 200 day moving average price of $12.89. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 127.45 and a beta of 1.80. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

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.