VELA Investment Management LLC Buys Shares of 44,651 Semrush Holdings, Inc. (NASDAQ:SEMR)

VELA Investment Management LLC bought a new position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,651 shares of the company's stock, valued at approximately $701,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company's stock valued at $225,000 after acquiring an additional 3,706 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Semrush in the second quarter valued at $123,000. Algert Global LLC increased its stake in Semrush by 13.8% in the second quarter. Algert Global LLC now owns 84,931 shares of the company's stock valued at $1,137,000 after purchasing an additional 10,282 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Semrush by 5.1% during the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company's stock valued at $2,896,000 after purchasing an additional 10,455 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Semrush by 29.7% during the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company's stock worth $655,000 after purchasing an additional 11,202 shares in the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Stock Up 0.3 %

NASDAQ SEMR traded up $0.04 on Friday, reaching $13.15. The company had a trading volume of 287,086 shares, compared to its average volume of 291,794. The company's fifty day moving average is $13.81 and its 200 day moving average is $13.91. Semrush Holdings, Inc. has a 52-week low of $7.38 and a 52-week high of $16.42. The stock has a market capitalization of $1.93 billion, a P/E ratio of 131.50 and a beta of 1.62.

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

Insider Activity

In related news, Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total transaction of $116,325.00. Following the sale, the director now directly owns 113,731 shares in the company, valued at approximately $1,763,967.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mark Vranesh sold 7,500 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total transaction of $116,325.00. Following the completion of the sale, the director now owns 113,731 shares in the company, valued at approximately $1,763,967.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Andrew Warden sold 3,953 shares of Semrush stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the completion of the sale, the chief marketing officer now directly owns 257,364 shares in the company, valued at approximately $3,790,971.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,200 shares of company stock valued at $2,420,533 over the last three months. Corporate insiders own 57.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SEMR shares. JPMorgan Chase & Co. upped their price target on Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. KeyCorp upped their target price on Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 target price on shares of Semrush in a report on Tuesday. Finally, The Goldman Sachs Group boosted their price target on shares of Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.57.

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.