EntryPoint Capital LLC Makes New Investment in Semrush Holdings, Inc. (NASDAQ:SEMR)

EntryPoint Capital LLC purchased a new position in Semrush Holdings, Inc. (NASDAQ:SEMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,371 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds also recently modified their holdings of SEMR. US Bancorp DE grew its position in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after purchasing an additional 3,446 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the fourth quarter valued at approximately $71,000. Arizona State Retirement System acquired a new position in shares of Semrush in the fourth quarter valued at approximately $128,000. Stoneridge Investment Partners LLC bought a new stake in shares of Semrush during the fourth quarter worth $135,000. Finally, Virtu Financial LLC acquired a new stake in shares of Semrush during the third quarter worth $158,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 2.7 %

NASDAQ SEMR opened at $9.59 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 119.83 and a beta of 1.77. The firm’s fifty day moving average price is $14.01 and its two-hundred day moving average price is $13.68. Semrush Holdings, Inc. has a 1 year low of $9.21 and a 1 year high of $18.74.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SEMR. Jefferies Financial Group increased their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Finally, The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Semrush has a consensus rating of “Buy” and a consensus target price of $18.14.

Insider Transactions at Semrush

In related news, General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the transaction, the general counsel now directly owns 158,415 shares of the company’s stock, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Eugenie Levin sold 6,943 shares of Semrush stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82. Following the transaction, the president now directly owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 266,702 shares of company stock worth $3,441,515 in the last ninety days. Insiders own 57.83% of the company’s stock.

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.