Ieq Capital LLC Takes $303,000 Position in Semrush Holdings, Inc. $SEMR

Ieq Capital LLC acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,510 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds have also recently added to or reduced their stakes in SEMR. Dimensional Fund Advisors LP grew its stake in Semrush by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company’s stock worth $9,768,000 after buying an additional 123,709 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Semrush by 21.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,242 shares of the company’s stock worth $170,000 after buying an additional 2,471 shares during the last quarter. Northern Trust Corp grew its stake in Semrush by 5.2% during the 4th quarter. Northern Trust Corp now owns 316,686 shares of the company’s stock worth $3,762,000 after buying an additional 15,536 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Semrush during the 4th quarter worth approximately $122,000. Finally, Comerica Bank grew its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after buying an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Trading Up 0.3%

Semrush stock opened at $7.71 on Friday. Semrush Holdings, Inc. has a twelve month low of $7.01 and a twelve month high of $18.74. The stock has a 50 day moving average of $8.42 and a two-hundred day moving average of $9.57. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 96.32 and a beta of 1.64.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of research reports. KeyCorp set a $12.00 price target on Semrush and gave the stock an “overweight” rating in a research note on Tuesday, August 5th. Needham & Company LLC dropped their price target on Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. The Goldman Sachs Group dropped their price target on Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Finally, Morgan Stanley set a $9.00 price target on Semrush and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Insider Buying and Selling

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the sale, the chief marketing officer directly owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. This trade represents a 1.87% 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, Director Mark Vranesh sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the director directly owned 116,693 shares of the company’s stock, valued at $1,166,930. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,406 shares of company stock valued at $116,819 over the last ninety days. 55.61% of the stock is owned by insiders.

Semrush Company 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.