Citigroup Inc. Has $2.19 Million Position in Semrush Holdings, Inc. $SEMR

Citigroup Inc. lifted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 22.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,559 shares of the company’s stock after buying an additional 56,076 shares during the period. Citigroup Inc. owned about 0.21% of Semrush worth $2,185,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Semrush by 7.2% during the third quarter. Vanguard Group Inc. now owns 6,004,568 shares of the company’s stock worth $42,512,000 after acquiring an additional 405,625 shares in the last quarter. Millennium Management LLC grew its stake in Semrush by 4.9% in the first quarter. Millennium Management LLC now owns 1,306,684 shares of the company’s stock valued at $12,191,000 after purchasing an additional 60,575 shares in the last quarter. Bank of America Corp DE grew its stake in Semrush by 871.8% in the second quarter. Bank of America Corp DE now owns 940,144 shares of the company’s stock valued at $8,508,000 after purchasing an additional 843,406 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Semrush by 13.2% during the 2nd quarter. Geode Capital Management LLC now owns 932,874 shares of the company’s stock worth $8,443,000 after purchasing an additional 108,750 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Semrush during the 2nd quarter worth approximately $6,926,000. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SEMR. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price objective (up from $10.00) on shares of Semrush in a report on Thursday, November 20th. KeyCorp restated a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.80.

Semrush Stock Down 0.1%

NASDAQ:SEMR opened at $11.94 on Friday. Semrush Holdings, Inc. has a 12-month low of $6.56 and a 12-month high of $11.95. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 149.27 and a beta of 1.55. The stock’s 50 day moving average price is $11.87 and its two-hundred day moving average price is $9.85.

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 100,078 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.86, for a total value of $1,186,925.08. Following the sale, the chief financial officer owned 1,019,517 shares in the company, valued at approximately $12,091,471.62. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 196,115 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $11.84, for a total value of $2,322,001.60. Following the sale, the chief marketing officer directly owned 241,084 shares of the company’s stock, valued at $2,854,434.56. This represents a 44.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,357 shares of company stock worth $3,843,008 over the last three months. 55.61% of the stock is owned by insiders.

Semrush Profile

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.