Geode Capital Management LLC Purchases 4,537 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Geode Capital Management LLC increased its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 792,827 shares of the company’s stock after buying an additional 4,537 shares during the quarter. Geode Capital Management LLC owned 0.54% of Semrush worth $9,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Semrush during the fourth quarter worth $6,869,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after buying an additional 541,899 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Semrush by 312.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 201,317 shares of the company’s stock worth $2,392,000 after buying an additional 152,548 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Semrush by 356.3% in the 4th quarter. Alliancebernstein L.P. now owns 149,421 shares of the company’s stock valued at $1,775,000 after acquiring an additional 116,672 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Semrush by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock valued at $61,505,000 after acquiring an additional 113,222 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Insider Buying and Selling at Semrush

In other news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the transaction, the chief financial officer now owns 694,351 shares in the company, valued at approximately $5,978,362.11. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Oleg Shchegolev sold 32,932 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the sale, the chief executive officer now owns 7,268,282 shares of the company’s stock, 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 have sold a total of 170,374 shares of company stock valued at $1,962,411 in the last three months. 57.83% of the stock is currently owned by company insiders.

Semrush Stock Performance

NASDAQ SEMR opened at $9.66 on Thursday. The stock has a market cap of $1.42 billion, a PE ratio of 120.72 and a beta of 1.80. The firm has a 50-day moving average of $10.71 and a 200-day moving average of $12.92. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74.

Analyst Ratings Changes

SEMR has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley cut their price target on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Northland Securities began coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $17.14.

Semrush 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.