Cat Rock Capital Management LP Lowers Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Cat Rock Capital Management LP cut its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,521,881 shares of the company's stock after selling 771,000 shares during the period. Semrush makes up 8.6% of Cat Rock Capital Management LP's portfolio, making the stock its 4th biggest position. Cat Rock Capital Management LP owned about 3.76% of Semrush worth $65,600,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company's stock valued at $1,609,000 after buying an additional 54,830 shares during the period. Virtu Financial LLC purchased a new stake in Semrush during the third quarter valued at $158,000. Principal Financial Group Inc. bought a new position in Semrush in the third quarter valued at about $454,000. JPMorgan Chase & Co. boosted its position in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company's stock worth $6,080,000 after purchasing an additional 3,244 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Semrush during the 4th quarter valued at about $199,000. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SEMR shares. Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. The Goldman Sachs Group cut their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Northland Capmk upgraded Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Northland Securities initiated coverage on Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $17.14.

Semrush Stock Up 0.1 %

NASDAQ:SEMR opened at $10.39 on Monday. The business's 50-day simple moving average is $9.81 and its two-hundred day simple moving average is $12.76. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The stock has a market cap of $1.53 billion, a PE ratio of 129.92 and a beta of 1.79.

Insider Activity at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 32,932 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the completion of the sale, the chief executive officer now directly owns 7,268,282 shares of the company's stock, valued at $81,332,075.58. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Vitalii Obishchenko sold 36,777 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,406 shares of company stock valued at $1,722,014. 57.83% of the stock is owned by company 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.

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