Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 33.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,488 shares of the company’s stock after purchasing an additional 61,456 shares during the period. Squarepoint Ops LLC owned approximately 0.17% of Semrush worth $3,314,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SEMR. Summit Global Investments purchased a new stake in shares of Semrush in the second quarter worth about $156,000. Versor Investments LP acquired a new position in Semrush during the 2nd quarter worth approximately $174,000. Los Angeles Capital Management LLC purchased a new position in Semrush in the 2nd quarter worth approximately $258,000. Quadrature Capital Ltd acquired a new stake in Semrush in the fourth quarter valued at approximately $289,000. Finally, XTX Topco Ltd purchased a new stake in shares of Semrush during the second quarter valued at approximately $344,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Price Performance

Shares of SEMR stock opened at $15.24 on Wednesday. The firm has a fifty day moving average of $14.04 and a two-hundred day moving average of $13.82. The firm has a market cap of $2.23 billion, a P/E ratio of 169.33 and a beta of 1.57. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The firm had revenue of $90.95 million during the quarter, compared to analyst estimates of $89.70 million. On average, sell-side analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, August 7th. KeyCorp raised their target price on Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

Insider Activity

In related news, CMO Andrew Warden sold 4,154 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $13.69, for a total transaction of $56,868.26. Following the transaction, the chief marketing officer now directly owns 261,317 shares in the company, valued at $3,577,429.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Semrush news, CMO Andrew Warden sold 4,154 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction of $56,868.26. Following the sale, the chief marketing officer now directly owns 261,317 shares of the company’s stock, valued at $3,577,429.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dmitry Melnikov sold 64,140 shares of Semrush stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60. Following the completion of the transaction, the director now directly owns 9,227,898 shares of the company’s stock, valued at $134,635,031.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,689 shares of company stock worth $2,343,097. 57.83% of the stock is currently owned by insiders.

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.