Landscape Capital Management L.L.C. Acquires Shares of 24,616 Semrush Holdings, Inc. (NASDAQ:SEMR)

Landscape Capital Management L.L.C. bought a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,616 shares of the company’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in Semrush during the 1st quarter valued at $543,000. VELA Investment Management LLC acquired a new position in Semrush in the third quarter worth about $701,000. Cubist Systematic Strategies LLC acquired a new position in Semrush in the second quarter worth about $3,006,000. Renaissance Technologies LLC bought a new stake in Semrush in the second quarter valued at about $3,732,000. Finally, SG Americas Securities LLC acquired a new stake in Semrush during the second quarter valued at approximately $654,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Semrush

In related news, President Eugenie Levin sold 3,788 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the sale, the president now directly owns 601,892 shares in the company, valued at $8,498,715.04. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Oleg Shchegolev sold 8,964 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was 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 $61,916,557.22. This trade represents a 0.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,123 shares of company stock worth $2,320,088 in the last ninety days. 57.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. 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. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Semrush Stock Performance

SEMR stock opened at $14.17 on Monday. The stock’s fifty day moving average is $13.89 and its two-hundred day moving average is $14.07. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 177.13 and a beta of 1.62. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42.

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.