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

Ceera Investments LLC lifted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 48.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,605 shares of the company's stock after acquiring an additional 79,510 shares during the quarter. Ceera Investments LLC owned 0.17% of Semrush worth $2,273,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE grew its position in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP raised its position in 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 acquiring an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank boosted its position 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 purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Semrush in the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Trading Up 1.1%

SEMR opened at $9.20 on Friday. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The firm has a market capitalization of $1.36 billion, a PE ratio of 115.01 and a beta of 1.65. The firm's 50-day moving average price is $9.83 and its 200 day moving average price is $11.58.

Insiders Place Their Bets

In other news, CMO Andrew Warden sold 7,344 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $10.81, for a total value of $79,388.64. Following the completion of the sale, the chief marketing officer directly owned 393,655 shares in the company, valued at $4,255,410.55. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.43, for a total value of $208,600.00. Following the transaction, the chief financial officer owned 907,385 shares in the company, valued at approximately $9,464,025.55. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,565,457 shares of company stock worth $25,686,865. 55.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

SEMR has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp dropped their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, 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.

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