Cubist Systematic Strategies LLC Has $3.46 Million Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Cubist Systematic Strategies LLC grew its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,370 shares of the company's stock after purchasing an additional 28,052 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.20% of Semrush worth $3,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Brevan Howard Capital Management LP increased its holdings in shares of Semrush by 42.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 20,689 shares of the company's stock valued at $246,000 after purchasing an additional 6,148 shares during the period. Bank of America Corp DE increased its holdings in shares of Semrush by 14.7% in the fourth quarter. Bank of America Corp DE now owns 42,211 shares of the company's stock valued at $501,000 after purchasing an additional 5,424 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Semrush in the fourth quarter valued at approximately $295,000. Ameriprise Financial Inc. acquired a new position in Semrush during the fourth quarter worth $1,554,000. Finally, Jane Street Group LLC grew its holdings in Semrush by 165.6% during the fourth quarter. Jane Street Group LLC now owns 120,462 shares of the company's stock worth $1,431,000 after acquiring an additional 75,099 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Stock Up 0.5%

Semrush stock traded up $0.05 during mid-day trading on Friday, hitting $10.90. 118,996 shares of the company's stock traded hands, compared to its average volume of 692,800. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The company has a market cap of $1.60 billion, a PE ratio of 136.27 and a beta of 1.79. The firm has a 50 day moving average price of $9.68 and a 200 day moving average price of $12.61.

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares in the company, valued at $5,978,362.11. The trade was a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Vitalii Obishchenko sold 36,777 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,750 shares of company stock worth $1,801,402 in the last three months. 57.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley lowered 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. KeyCorp lowered their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group lowered their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Finally, Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $16.43.

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.