Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 113.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 108,671 shares of the company’s stock after purchasing an additional 57,845 shares during the period. Sei Investments Co.’s holdings in Semrush were worth $1,291,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its holdings in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Wellington Management Group LLP grew its holdings in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after acquiring an additional 168,400 shares during the period. State Street Corp raised its position in Semrush by 1.4% in the third quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after acquiring an additional 13,374 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after acquiring an additional 36,173 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Semrush in the fourth quarter valued at $6,869,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Price Performance

Shares of SEMR stock opened at $8.50 on Monday. Semrush Holdings, Inc. has a 12 month low of $8.24 and a 12 month high of $18.74. The company’s fifty day moving average price is $13.31 and its two-hundred day moving average price is $13.52. The firm has a market capitalization of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Insider Buying and Selling

In other news, CEO Oleg Shchegolev sold 6,859 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89. Following the completion of the transaction, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Eugenie Levin sold 6,943 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total value of $81,510.82. Following the transaction, the president now directly owns 580,549 shares in the company, valued at $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 270,174 shares of company stock worth $3,437,342 over the last ninety days. 57.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SEMR shares. Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Semrush has a consensus rating of “Buy” and a consensus target price of $18.14.

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.