1,153,434 Shares in Semrush Holdings, Inc. $SEMR Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Semrush Holdings, Inc., purchasing 1,153,434 shares valued at approximately $10.76 million, representing a 0.78% ownership in the company.
• Recent analyst ratings reveal a consensus rating of "Moderate Buy" for Semrush, with target prices ranging from $9.00 to $14.00.
• Insiders at Semrush have been selling shares, with a total of 53,906 shares sold in the last three months, encompassing a significant decrease in their holdings.

Nuveen LLC purchased a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,153,434 shares of the company's stock, valued at approximately $10,762,000. Nuveen LLC owned approximately 0.78% of Semrush as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Topline Capital Management LLC purchased a new stake in shares of Semrush during the 4th quarter valued at about $9,267,000. Millennium Management LLC boosted its stake in shares of Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after purchasing an additional 755,220 shares during the period. First Trust Advisors LP bought a new position in Semrush during the 4th quarter valued at about $3,715,000. Zevenbergen Capital Investments LLC purchased a new stake in Semrush in the 1st quarter worth about $2,273,000. Finally, Silvercrest Asset Management Group LLC lifted its stake in Semrush by 36.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 810,639 shares of the company's stock worth $9,630,000 after purchasing an additional 216,193 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC cut their target price on Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. KeyCorp set a $12.00 price objective on Semrush and gave the company an "overweight" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $9.00 target price on Semrush and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Insider Buying and Selling at Semrush

In other news, insider David W. Mason sold 7,500 shares of Semrush stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $10.03, for a total value of $75,225.00. Following the transaction, the insider directly owned 261,702 shares in the company, valued at approximately $2,624,871.06. This trade represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Vranesh sold 5,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the director directly owned 116,693 shares of the company's stock, valued at approximately $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,906 shares of company stock valued at $546,254. 55.61% of the stock is owned by corporate insiders.

Semrush Price Performance

SEMR stock opened at $7.9060 on Friday. Semrush Holdings, Inc. has a 1-year low of $7.01 and a 1-year high of $18.74. The business has a 50-day moving average price of $8.67 and a 200 day moving average price of $10.26. The company has a market capitalization of $1.18 billion, a P/E ratio of 98.84 and a beta of 1.65.

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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