Price T Rowe Associates Inc. MD Purchases 2,471 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Price T Rowe Associates Inc. MD raised its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,242 shares of the company’s stock after acquiring an additional 2,471 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Semrush were worth $170,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE lifted its holdings 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 acquiring an additional 3,446 shares during the period. KLP Kapitalforvaltning AS bought a new position in Semrush in the fourth quarter valued at about $71,000. Polymer Capital Management US LLC bought a new position in Semrush in the fourth quarter valued at about $121,000. Arizona State Retirement System purchased a new stake in Semrush in the fourth quarter worth about $128,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in Semrush in the fourth quarter worth about $135,000. Institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

SEMR has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group upped their price target on 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 reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Finally, KeyCorp reduced their price target on Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $16.43.

Semrush Trading Down 0.6%

NASDAQ:SEMR opened at $10.78 on Friday. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The stock has a 50-day moving average price of $9.70 and a 200 day moving average price of $12.58. The stock has a market capitalization of $1.59 billion, a P/E ratio of 134.82 and a beta of 1.79.

Insider Buying and Selling

In other Semrush news, CFO Brian Mulroy sold 22,547 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $252,526.40. Following the completion of the transaction, the chief financial officer now owns 698,558 shares in the company, valued at $7,823,849.60. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Andrew Warden sold 7,344 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $10.81, for a total value of $79,388.64. Following the transaction, the chief marketing officer now owns 393,655 shares of the company’s stock, valued at $4,255,410.55. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,750 shares of company stock worth $1,801,402. 57.83% of the stock is owned by corporate insiders.

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.