Zurcher Kantonalbank Zurich Cantonalbank Sells 1,726 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,744 shares of the company’s stock after selling 1,726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Semrush were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEMR. Russia Partners Management LLC purchased a new position in Semrush in the fourth quarter worth about $122,715,000. Mutual of America Capital Management LLC purchased a new stake in Semrush during the 4th quarter valued at $1,167,000. Wealthsource Partners LLC raised its stake in shares of Semrush by 1.6% in the third quarter. Wealthsource Partners LLC now owns 76,772 shares of the company’s stock worth $653,000 after purchasing an additional 1,182 shares during the last quarter. Barclays PLC boosted its position in shares of Semrush by 7.5% during the third quarter. Barclays PLC now owns 55,756 shares of the company’s stock valued at $474,000 after buying an additional 3,914 shares during the last quarter. Finally, Algert Global LLC bought a new stake in Semrush in the 3rd quarter worth about $415,000. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling at Semrush

In related news, CMO Andrew Warden sold 9,355 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $13.15, for a total transaction of $123,018.25. Following the completion of the transaction, the chief marketing officer now owns 265,471 shares in the company, valued at $3,490,943.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CMO Andrew Warden sold 9,355 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.15, for a total transaction of $123,018.25. Following the sale, the chief marketing officer now directly owns 265,471 shares of the company’s stock, valued at approximately $3,490,943.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Mulroy sold 89,079 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the completion of the sale, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The disclosure for this sale can be found here. Insiders sold a total of 148,697 shares of company stock valued at $1,933,767 in the last three months. 57.83% of the stock is currently owned by corporate insiders.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $15.30 on Friday. The firm’s 50 day simple moving average is $12.41 and its two-hundred day simple moving average is $11.67. The company has a market capitalization of $2.21 billion, a P/E ratio of 1,531.53 and a beta of 1.57. Semrush Holdings, Inc. has a 1-year low of $7.21 and a 1-year high of $15.48.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Semrush had a return on equity of 0.46% and a net margin of 0.31%. The business had revenue of $83.39 million during the quarter, compared to analyst estimates of $83.19 million. On average, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SEMR has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. KeyCorp assumed coverage on Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price objective for the company. The Goldman Sachs Group raised their target price on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. Jefferies Financial Group upgraded shares of Semrush from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $15.00 in a research note on Wednesday, February 7th. Finally, Needham & Company LLC upped their target price on shares of Semrush from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.