Cubist Systematic Strategies LLC Invests $3.01 Million in Semrush Holdings, Inc. (NASDAQ:SEMR)

Cubist Systematic Strategies LLC purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 224,530 shares of the company’s stock, valued at approximately $3,006,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEMR. Trexquant Investment LP acquired a new position in shares of Semrush in the fourth quarter valued at approximately $351,000. Cat Rock Capital Management LP raised its position in Semrush by 4.4% during the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after buying an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of Semrush in the 4th quarter worth $10,597,000. Quadrature Capital Ltd purchased a new stake in shares of Semrush in the fourth quarter valued at about $289,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Semrush during the first quarter worth about $2,705,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Semrush

In related news, Director Dmitry Melnikov sold 64,140 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total value of $935,802.60. Following the sale, the director now directly owns 9,227,898 shares of the company’s stock, valued at approximately $134,635,031.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Semrush news, Director Dmitry Melnikov sold 64,140 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $14.59, for a total transaction of $935,802.60. Following the sale, the director now owns 9,227,898 shares in the company, valued at approximately $134,635,031.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $56,868.26. Following the transaction, the chief marketing officer now directly owns 261,317 shares of the company’s stock, valued at approximately $3,577,429.73. The disclosure for this sale can be found here. Insiders sold 167,689 shares of company stock valued at $2,343,097 in the last 90 days. 57.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Semrush Trading Up 1.7 %

Shares of Semrush stock opened at $15.38 on Monday. The company has a 50-day moving average of $14.00 and a two-hundred day moving average of $13.76. The stock has a market cap of $2.23 billion, a PE ratio of 170.89 and a beta of 1.57. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42.

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

Semrush 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.