JPMorgan Chase & Co. Has $2.94 Million Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

JPMorgan Chase & Co. trimmed its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247,735 shares of the company’s stock after selling 139,256 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of Semrush worth $2,943,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. US Bancorp DE raised its stake in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush during the 4th quarter worth approximately $71,000. Arizona State Retirement System bought a new stake in Semrush in the 4th quarter valued at $128,000. Stoneridge Investment Partners LLC acquired a new stake in Semrush during the 4th quarter valued at $135,000. Finally, Virtu Financial LLC bought a new position in Semrush during the third quarter worth $158,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Northland Securities initiated coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $17.14.

Insider Buying and Selling at Semrush

In other news, CFO Brian Mulroy sold 22,547 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $252,526.40. Following the completion of the sale, the chief financial officer now owns 698,558 shares of the company’s stock, valued at approximately $7,823,849.60. This represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Oleg Shchegolev sold 32,932 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the completion of the transaction, the chief executive officer now directly owns 7,268,282 shares in the company, valued at $81,332,075.58. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 170,374 shares of company stock valued at $1,962,411 in the last three months. Corporate insiders own 57.83% of the company’s stock.

Semrush Trading Up 3.2 %

Shares of SEMR stock opened at $9.27 on Wednesday. The stock has a market cap of $1.36 billion, a P/E ratio of 115.89 and a beta of 1.80. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock has a 50 day simple moving average of $10.87 and a 200 day simple moving average of $12.94.

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.