VELA Investment Management LLC Invests $701,000 in Semrush Holdings, Inc. (NASDAQ:SEMR)

VELA Investment Management LLC bought a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,651 shares of the company’s stock, valued at approximately $701,000.

A number of other large investors have also modified their holdings of SEMR. Renaissance Technologies LLC purchased a new position in Semrush in the 2nd quarter valued at approximately $3,732,000. Federated Hermes Inc. increased its stake in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Semrush in the 2nd quarter valued at approximately $3,006,000. Dimensional Fund Advisors LP increased its stake in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new position in Semrush in the 1st quarter valued at approximately $2,705,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Semrush news, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at $5,683,728.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the transaction, the director now owns 113,731 shares of the company’s stock, valued at approximately $1,763,967.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,200 shares of company stock worth $2,420,533. Corporate insiders own 57.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SEMR shares. KeyCorp raised their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Tuesday. Finally, The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Semrush presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.57.

Semrush Stock Performance

Shares of SEMR traded up $0.04 during trading hours on Friday, hitting $13.15. The stock had a trading volume of 287,086 shares, compared to its average volume of 291,794. The firm has a market cap of $1.93 billion, a P/E ratio of 131.10 and a beta of 1.62. The company’s fifty day simple moving average is $13.81 and its 200 day simple moving average is $13.91. Semrush Holdings, Inc. has a 12-month low of $7.38 and a 12-month high of $16.42.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The company had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. As a group, sell-side analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share 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.