Wells Fargo & Company MN Has $582,000 Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Wells Fargo & Company MN grew its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,015 shares of the company’s stock after buying an additional 6,816 shares during the period. Wells Fargo & Company MN’s holdings in Semrush were worth $582,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently issued reports on SEMR. The Goldman Sachs Group reduced 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 raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their price target 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. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $17.14.

Semrush Stock Up 0.1 %

Shares of Semrush stock opened at $10.39 on Friday. The firm’s 50-day moving average price is $9.81 and its two-hundred day moving average price is $12.77. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 129.92 and a beta of 1.80. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74.

Insider Buying and Selling

In other news, CMO Andrew Warden sold 17,118 shares of the stock in a transaction dated 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 represents a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Vitalii Obishchenko sold 36,777 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 $411,534.63. Following the sale, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock worth $2,012,411. Corporate insiders own 57.83% of the company’s stock.

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.