Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 1,107.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,965 shares of the company's stock after purchasing an additional 101,777 shares during the period. Point72 Asset Management L.P. owned about 0.08% of Semrush worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Global Investments acquired a new stake in Semrush during the second quarter worth approximately $156,000. DRW Securities LLC purchased a new position in shares of Semrush in the 3rd quarter valued at $157,000. Olympiad Research LP acquired a new stake in Semrush during the 3rd quarter worth $159,000. Versor Investments LP purchased a new stake in Semrush in the second quarter valued at $174,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% in the second 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. Institutional investors and hedge funds own 32.86% of the company's stock.

Analyst Ratings Changes

SEMR has been the topic of a number of research analyst reports. KeyCorp lifted 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. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.50.

Insider Transactions at Semrush

In other news, Director Dmitry Melnikov sold 64,140 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $14.59, for a total value of $935,802.60. Following the completion of the sale, the director now directly owns 9,227,898 shares of the company's stock, valued at $134,635,031.82. This trade represents a 0.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Vitalii Obishchenko sold 4,971 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total value of $74,415.87. Following the transaction, the chief operating officer now directly owns 843,952 shares in the company, valued at $12,633,961.44. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,112 shares of company stock worth $1,441,084 over the last 90 days. 57.83% of the stock is currently owned by insiders.

Semrush Stock Up 1.4 %

SEMR traded up $0.20 on Wednesday, hitting $14.17. 439,785 shares of the company traded hands, compared to its average volume of 501,516. The company has a 50 day moving average of $13.61 and a 200-day moving average of $13.91. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The stock has a market capitalization of $2.08 billion, a PE ratio of 177.13 and a beta of 1.59.

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.