VELA Investment Management LLC Buys 28,263 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

VELA Investment Management LLC increased its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 63.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,914 shares of the company’s stock after acquiring an additional 28,263 shares during the period. VELA Investment Management LLC’s holdings in Semrush were worth $866,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 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 purchasing an additional 168,400 shares during the last quarter. State Street Corp lifted its position in shares of Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Semrush during the fourth quarter worth $6,869,000. 32.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Semrush

In other news, Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the sale, the director now owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.15, for a total value of $32,156.25. Following the sale, the general counsel now owns 158,415 shares in the company, valued at $2,716,817.25. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,090 shares of company stock worth $4,736,123 over the last quarter. Insiders own 57.83% of the company’s stock.

Analyst Upgrades and Downgrades

SEMR has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Semrush Price Performance

SEMR opened at $11.92 on Friday. The business’s 50-day moving average is $15.03 and its two-hundred day moving average is $14.20. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $18.74. The firm has a market capitalization of $1.75 billion, a PE ratio of 148.99 and a beta of 1.69.

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.