Dimensional Fund Advisors LP Raises Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Dimensional Fund Advisors LP increased its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 822,246 shares of the company's stock after purchasing an additional 123,709 shares during the period. Dimensional Fund Advisors LP owned 0.56% of Semrush worth $9,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC lifted its position in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock valued at $186,000 after purchasing an additional 933 shares during the period. Barclays PLC raised its position in Semrush by 2.9% during the fourth quarter. Barclays PLC now owns 105,411 shares of the company's stock worth $1,253,000 after acquiring an additional 3,004 shares during the last quarter. Principal Financial Group Inc. raised its stake in Semrush by 10.6% in the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock valued at $380,000 after purchasing an additional 3,059 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company's stock valued at $6,080,000 after purchasing an additional 3,244 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Semrush by 2,127.2% in 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 during the period. Hedge funds and other institutional investors own 32.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SEMR shares. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Morgan Stanley reduced their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target 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. Needham & Company LLC reissued a "buy" rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Finally, KeyCorp decreased their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Semrush currently has an average rating of "Buy" and a consensus target price of $16.43.

Insider Activity at Semrush

In other Semrush news, CFO Brian Mulroy sold 22,547 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $252,526.40. Following the completion of the transaction, the chief financial officer now directly owns 698,558 shares in the company, valued at $7,823,849.60. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Oleg Shchegolev sold 32,932 shares of Semrush stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the transaction, the chief executive officer now directly owns 7,268,282 shares of the company's stock, valued at $81,332,075.58. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,406 shares of company stock worth $1,722,014 in the last 90 days. 57.83% of the stock is owned by company insiders.

Semrush Stock Performance

Shares of NASDAQ SEMR opened at $10.51 on Friday. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The business's 50-day simple moving average is $9.63 and its 200-day simple moving average is $12.66. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 131.39 and a beta of 1.79.

Semrush 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.

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