Jane Street Group LLC Acquires 75,099 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Jane Street Group LLC raised its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 165.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,462 shares of the company’s stock after purchasing an additional 75,099 shares during the period. Jane Street Group LLC owned approximately 0.08% of Semrush worth $1,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Semrush by 2,127.2% during the fourth 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 in the last quarter. Quarry LP raised its position in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Semrush during the 4th quarter valued at about $71,000. Comerica Bank lifted its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush during the 4th quarter valued at about $86,000. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SEMR. The Goldman Sachs Group decreased their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. KeyCorp cut their target price on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Morgan Stanley dropped their price target on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Semrush currently has an average rating of “Buy” and a consensus price target of $16.43.

Semrush Trading Down 0.8%

Shares of SEMR stock opened at $10.69 on Tuesday. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74. The stock has a market cap of $1.57 billion, a P/E ratio of 133.64 and a beta of 1.79. The company has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $12.56.

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the sale, the chief financial officer now directly owns 694,351 shares of the company’s stock, valued at approximately $5,978,362.11. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Andrew Warden sold 17,118 shares of Semrush 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 $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares in the company, valued at $4,535,910.40. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,750 shares of company stock valued at $1,801,402. 57.83% of the stock is owned by company insiders.

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.