Algert Global LLC Decreases Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Algert Global LLC cut its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,641 shares of the company’s stock after selling 17,911 shares during the quarter. Algert Global LLC owned approximately 0.10% of Semrush worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SEMR. US Bancorp DE boosted its holdings in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares during the period. Quarry LP grew its position in shares of Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush during the 4th quarter valued at $71,000. Comerica Bank lifted its holdings 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 purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Semrush in the 4th quarter worth about $86,000. Institutional investors own 32.86% of the company’s stock.

Semrush Trading Up 5.1 %

Shares of NASDAQ SEMR opened at $10.51 on Friday. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74. The stock’s 50-day moving average is $9.63 and its 200 day moving average is $12.66. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 131.39 and a beta of 1.79.

Insider Transactions at Semrush

In other Semrush news, CMO Andrew Warden sold 3,993 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Vitalii Obishchenko sold 36,777 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,406 shares of company stock worth $1,722,014. 57.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. KeyCorp cut their price target on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Semrush presently has a consensus rating of “Buy” and a consensus price target of $16.43.

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.