Dimensional Fund Advisors LP Purchases 123,709 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Dimensional Fund Advisors LP grew its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 17.7% in the 4th quarter, HoldingsChannel reports. The fund owned 822,246 shares of the company’s stock after purchasing an additional 123,709 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Semrush were worth $9,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Semrush in the fourth quarter valued at approximately $6,869,000. Y Intercept Hong Kong Ltd lifted its holdings in Semrush by 166.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after buying an additional 64,514 shares during the period. SG Americas Securities LLC increased its position in shares of Semrush by 329.4% during the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after buying an additional 43,027 shares during the period. Principal Financial Group Inc. raised its stake in Semrush by 10.6% during the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after buying an additional 3,059 shares during the last quarter. Finally, Barclays PLC boosted its position in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Insider Activity at Semrush

In other Semrush news, Director Mark Vranesh sold 5,000 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the director now owns 103,731 shares in the company, valued at $1,037,310. This represents a 4.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Andrew Warden sold 3,993 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the transaction, the chief marketing officer now directly owns 400,999 shares of the company’s stock, valued at $3,793,450.54. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,406 shares of company stock worth $1,722,014. Company insiders own 57.83% of the company’s stock.

Semrush Price Performance

Shares of SEMR opened at $10.51 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 131.39 and a beta of 1.79. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock’s fifty day moving average price is $9.63 and its two-hundred day moving average price is $12.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEMR shares. Morgan Stanley decreased their target price on Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities started coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, KeyCorp cut their price objective on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $16.43.

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.