XTX Topco Ltd Purchases New Shares in Semrush Holdings, Inc. (NASDAQ:SEMR)

XTX Topco Ltd purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,268 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors have also made changes to their positions in SEMR. Alliancebernstein L.P. raised its holdings in shares of Semrush by 356.3% in the fourth quarter. Alliancebernstein L.P. now owns 149,421 shares of the company’s stock valued at $1,775,000 after buying an additional 116,672 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Semrush by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 792,827 shares of the company’s stock valued at $9,421,000 after buying an additional 4,537 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Semrush by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 49,015 shares of the company’s stock valued at $582,000 after buying an additional 6,816 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Semrush in the fourth quarter valued at about $608,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Semrush by 49.3% in the fourth quarter. Russell Investments Group Ltd. now owns 71,613 shares of the company’s stock valued at $851,000 after buying an additional 23,637 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Semrush

In related news, Director Anna Baird sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 26,556 shares of the company’s stock, valued at approximately $265,560. This represents a 42.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $10.01, for a total value of $25,025,000.00. Following the sale, the chief technology officer directly owned 26,739,320 shares of the company’s stock, valued at approximately $267,660,593.20. The trade was a 8.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,553,906 shares of company stock worth $25,571,254 in the last quarter. Company insiders own 55.61% of the company’s stock.

Semrush Price Performance

Shares of SEMR stock opened at $7.12 on Tuesday. The stock has a market cap of $1.05 billion, a PE ratio of 88.95 and a beta of 1.65. The stock has a 50-day moving average of $9.07 and a 200-day moving average of $10.77. Semrush Holdings, Inc. has a one year low of $7.01 and a one year high of $18.74.

Wall Street Analyst Weigh In

Several analysts have weighed in on SEMR shares. Morgan Stanley set a $9.00 price objective on Semrush and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. KeyCorp set a $12.00 price objective on Semrush and gave the stock an “overweight” rating in a report on Tuesday, August 5th. The Goldman Sachs Group dropped their price objective on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Needham & Company LLC dropped their price objective on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Semrush presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.