Ameriprise Financial Inc. Takes $1.55 Million Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Ameriprise Financial Inc. bought a new position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 130,786 shares of the company's stock, valued at approximately $1,554,000. Ameriprise Financial Inc. owned 0.09% of Semrush as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of SEMR. Topline Capital Management LLC acquired a new position in Semrush in the fourth quarter valued at $9,267,000. Allspring Global Investments Holdings LLC purchased a new stake in Semrush in the 4th quarter valued at about $6,869,000. Arrowstreet Capital Limited Partnership grew its holdings in Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after buying an additional 541,899 shares during the period. First Trust Advisors LP purchased a new stake in Semrush in the 4th quarter valued at about $3,715,000. Finally, Renaissance Group LLC purchased a new position in shares of Semrush during the 4th quarter worth about $3,597,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of research analyst reports. KeyCorp dropped their price objective on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Finally, Morgan Stanley decreased their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Semrush presently has an average rating of "Buy" and an average price target of $16.43.

Semrush Trading Up 1.7%

NASDAQ:SEMR traded up $0.17 during trading hours on Wednesday, hitting $10.19. The stock had a trading volume of 2,444,471 shares, compared to its average volume of 570,386. The company has a market cap of $1.51 billion, a PE ratio of 127.39 and a beta of 1.71. The business has a 50 day simple moving average of $9.74 and a two-hundred day simple moving average of $12.27. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

Insider Activity

In other Semrush news, CMO Andrew Warden sold 3,993 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction of $37,773.78. Following the completion of the sale, the chief marketing officer now owns 400,999 shares in the company, valued at $3,793,450.54. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Mulroy sold 4,207 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the transaction, the chief financial officer now directly owns 694,351 shares in the company, valued at approximately $5,978,362.11. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,543,087 shares of company stock worth $25,445,630. 55.61% of the stock is currently owned by company insiders.

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.