Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,730 shares of the company's stock after selling 49,443 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Semrush were worth $294,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Semrush by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock valued at $61,505,000 after purchasing an additional 113,222 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Semrush by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock valued at $9,768,000 after purchasing an additional 123,709 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Semrush by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 792,827 shares of the company's stock valued at $9,421,000 after purchasing an additional 4,537 shares during the last quarter. Finally, Topline Capital Management LLC bought a new position in shares of Semrush during the 4th quarter valued at approximately $9,267,000. Institutional investors own 32.86% of the company's stock.

Insider Buying and Selling

In other Semrush news, COO Vitalii Obishchenko sold 36,777 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value 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 approximately $11,414,504.97. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Eugenie Levin sold 11,662 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.15, for a total transaction of $130,031.30. Following the completion of the transaction, the president now owns 686,268 shares of the company's stock, valued at $7,651,888.20. This represents a 1.67% decrease in their ownership of the stock. 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 three months. 57.83% of the stock is owned by company insiders.

Semrush Stock Down 2.0%

NASDAQ:SEMR traded down $0.20 during mid-day trading on Friday, reaching $9.64. The company's stock had a trading volume of 870,079 shares, compared to its average volume of 546,046. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock has a fifty day moving average of $9.75 and a 200-day moving average of $12.49. The firm has a market capitalization of $1.42 billion, a PE ratio of 120.53 and a beta of 1.79.

Analyst Upgrades and Downgrades

SEMR has been the topic of several analyst reports. Morgan Stanley cut their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group boosted their price objective on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. 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. Finally, The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company 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 stock. Based on data from MarketBeat, Semrush currently has an average rating of "Buy" and a consensus target price of $16.43.

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.