Alliancebernstein L.P. Has $1.78 Million Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Alliancebernstein L.P. increased its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 356.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,421 shares of the company’s stock after purchasing an additional 116,672 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of Semrush worth $1,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of 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 buying an additional 54,830 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush in the fourth quarter valued at approximately $6,869,000. Y Intercept Hong Kong Ltd boosted its position in shares of Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock valued at $1,226,000 after buying an additional 64,514 shares during the last quarter. SG Americas Securities LLC grew its holdings in 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 in the last quarter. Finally, Principal Financial Group Inc. raised its position in Semrush by 10.6% in the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock valued at $380,000 after buying an additional 3,059 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SEMR has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Morgan Stanley cut their target price on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $17.14.

Insider Activity

In other Semrush news, COO Vitalii Obishchenko sold 36,777 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $411,534.63. Following the sale, the chief operating officer now owns 1,020,063 shares in the company, valued at $11,414,504.97. This represents a 3.48 % 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 17,118 shares of Semrush stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $191,721.60. Following the completion of the transaction, the chief marketing officer now owns 404,992 shares of the company’s stock, valued at approximately $4,535,910.40. This trade represents a 4.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 199,174 shares of company stock valued at $2,431,563 over the last quarter. Company insiders own 57.83% of the company’s stock.

Semrush Stock Performance

Shares of Semrush stock opened at $8.98 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 112.25 and a beta of 1.80. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74. The stock’s 50-day simple moving average is $11.39 and its 200 day simple moving average is $13.06.

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.