Semrush Holdings, Inc. (NASDAQ:SEMR) Position Increased by Dimensional Fund Advisors LP

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

Other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after buying an additional 3,446 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Semrush during the fourth quarter worth approximately $71,000. Polymer Capital Management US LLC purchased a new stake in shares of Semrush in the 4th quarter worth approximately $121,000. Arizona State Retirement System acquired a new stake in Semrush in the fourth quarter valued at approximately $128,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush during the fourth quarter worth about $135,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Trading Down 1.8%

Shares of NASDAQ:SEMR traded down $0.20 on Thursday, hitting $10.77. The company had a trading volume of 173,318 shares, compared to its average volume of 543,867. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74. The business has a 50 day moving average of $9.66 and a 200 day moving average of $12.62. The company has a market cap of $1.58 billion, a PE ratio of 134.27 and a beta of 1.79.

Analyst Ratings Changes

A number of analysts have recently commented on SEMR shares. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group upped their price target on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. KeyCorp lowered their price objective on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Semrush currently has a consensus rating of "Buy" and a consensus price target of $16.43.

Insider Activity

In other news, Director Mark Vranesh sold 5,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the director now owns 103,731 shares of the company's stock, valued at approximately $1,037,310. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Andrew Warden sold 3,993 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction 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. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,750 shares of company stock valued at $1,801,402 over the last quarter. Company insiders own 57.83% of the company's stock.

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.