ProShare Advisors LLC Invests $123,000 in Semrush Holdings, Inc. (NASDAQ:SEMR)

ProShare Advisors LLC acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,368 shares of the company’s stock, valued at approximately $123,000.

Several other large investors have also bought and sold shares of the business. US Bancorp DE grew 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 worth $43,000 after acquiring an additional 3,446 shares during the period. Quarry LP boosted its position in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after purchasing an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush during the fourth quarter worth $71,000. Comerica Bank increased its holdings in Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Semrush in the fourth quarter valued at about $86,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Stock Performance

Shares of SEMR opened at $9.74 on Tuesday. The firm has a market cap of $1.44 billion, a P/E ratio of 121.70 and a beta of 1.79. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The firm’s 50 day moving average price is $9.72 and its two-hundred day moving average price is $12.30.

Insider Buying and Selling

In other Semrush news, CMO Andrew Warden sold 3,993 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the sale, the chief marketing officer now owns 400,999 shares in the company, valued at approximately $3,793,450.54. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Oleg Shchegolev sold 2,500,000 shares of Semrush stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total transaction of $25,025,000.00. Following the completion of the sale, the chief technology officer now owns 26,739,320 shares in the company, valued at $267,660,593.20. This trade represents a 8.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,535,587 shares of company stock worth $25,370,405 over the last ninety days. Company insiders own 55.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.