Ceera Investments LLC Boosts Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Ceera Investments LLC lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 48.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 243,605 shares of the company's stock after buying an additional 79,510 shares during the period. Ceera Investments LLC owned about 0.17% of Semrush worth $2,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its position in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after acquiring an additional 3,446 shares in the last quarter. Quarry LP boosted its position in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Semrush in the 4th quarter worth about $71,000. Comerica Bank increased its holdings in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after buying an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Semrush in the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Stock Performance

Shares of NASDAQ SEMR traded down $0.03 during trading on Tuesday, hitting $9.01. The company had a trading volume of 1,125,420 shares, compared to its average volume of 587,116. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74. The firm has a market capitalization of $1.34 billion, a P/E ratio of 112.64 and a beta of 1.65. The stock has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $11.53.

Insider Buying and Selling at Semrush

In other news, CFO Brian Mulroy sold 20,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.43, for a total value of $208,600.00. Following the completion of the sale, the chief financial officer directly owned 907,385 shares of the company's stock, valued at $9,464,025.55. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Oleg Shchegolev sold 2,500,000 shares of Semrush stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total transaction of $25,025,000.00. Following the transaction, the chief technology officer owned 26,739,320 shares in the company, valued at approximately $267,660,593.20. This trade represents a 8.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,565,457 shares of company stock valued at $25,686,865. 55.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SEMR shares. Morgan Stanley reduced their price target 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. The Goldman Sachs Group cut 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. Finally, KeyCorp lowered their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $16.43.

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.