Virtu Financial LLC Invests $158,000 in Semrush Holdings, Inc. (NASDAQ:SEMR)

Virtu Financial LLC acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) during the 3rd quarter, Holdings Channel reports. The fund acquired 10,048 shares of the company’s stock, valued at approximately $158,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verition Fund Management LLC increased its position in shares of Semrush by 278.9% during the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after acquiring an additional 99,021 shares in the last quarter. VELA Investment Management LLC bought a new stake in shares of Semrush in the 3rd quarter worth $701,000. Renaissance Technologies LLC purchased a new position in shares of Semrush in the second quarter worth $3,732,000. Cubist Systematic Strategies LLC bought a new position in shares of Semrush during the second quarter valued at $3,006,000. Finally, GSA Capital Partners LLP bought a new stake in Semrush in the 3rd quarter worth about $1,060,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Price Performance

Shares of SEMR stock opened at $12.38 on Thursday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 154.77 and a beta of 1.59. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a fifty day moving average price of $13.54 and a 200-day moving average price of $13.83.

Insider Activity at Semrush

In other news, Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total transaction of $116,325.00. Following the transaction, the director now directly owns 113,731 shares of the company’s stock, valued at $1,763,967.81. The trade was a 6.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 8,964 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $14.14, for a total value of $126,750.96. Following the transaction, the chief executive officer now owns 4,378,823 shares of the company’s stock, valued at approximately $61,916,557.22. This trade represents a 0.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,988 shares of company stock worth $1,595,894. Corporate insiders own 57.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEMR. The Goldman Sachs Group lifted their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price target 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 restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. Finally, KeyCorp upped their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

About Semrush

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.