Deutsche Bank AG Has $1.14 Million Stock Position in Semrush Holdings, Inc. $SEMR

Key Points

• Deutsche Bank AG increased its holdings in Semrush Holdings by 261.1% in the first quarter, owning 121,946 shares valued at approximately $1.14 million.
• Shares of Semrush saw a slight increase, up 2.4%, trading at around $7.9060 with a market cap of $1.18 billion.
• Insider transactions included sales from key executives, with CFO Brian Mulroy selling 20,000 shares, leading to a total insider sale of 53,906 shares valued at $546,254 in the last ninety days.

Deutsche Bank AG raised its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 261.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 121,946 shares of the company's stock after acquiring an additional 88,177 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Semrush worth $1,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEMR. Signaturefd LLC acquired a new position in Semrush in the 1st quarter valued at approximately $42,000. Quarry LP increased its position in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after acquiring an additional 3,589 shares during the period. Comerica Bank increased its position in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after acquiring an additional 801 shares during the period. Aquatic Capital Management LLC acquired a new position in Semrush in the 4th quarter valued at approximately $86,000. Finally, Victory Capital Management Inc. acquired a new position in Semrush in the 1st quarter valued at approximately $110,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Semrush Stock Up 2.4%

Shares of NASDAQ SEMR opened at $7.9060 on Friday. The firm has a market cap of $1.18 billion, a PE ratio of 98.84 and a beta of 1.65. Semrush Holdings, Inc. has a 12-month low of $7.01 and a 12-month high of $18.74. The company's fifty day simple moving average is $8.67 and its 200 day simple moving average is $10.21.

Insider Activity at Semrush

In other Semrush news, insider David W. Mason sold 7,500 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the transaction, the insider owned 261,702 shares in the company, valued at approximately $2,624,871.06. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Mulroy sold 20,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction 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. Insiders sold 53,906 shares of company stock valued at $546,254 in the last ninety days. Insiders own 55.61% of the company's stock.

Analysts Set New Price Targets

SEMR has been the subject of several recent research reports. KeyCorp set a $12.00 price target on shares of Semrush and gave the company an "overweight" rating in a research report on Tuesday, August 5th. Needham & Company LLC decreased their price target on shares of Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Morgan Stanley set a $9.00 price objective on shares of Semrush and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group reduced their price objective on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Semrush currently has an average rating of "Moderate Buy" and an average target price of $14.00.

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.

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