Deutsche Bank AG Has $1.14 Million Holdings 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 lifted 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 disclosure with the Securities & Exchange Commission. The firm owned 121,946 shares of the company's stock after buying an additional 88,177 shares during the period. Deutsche Bank AG owned about 0.08% of Semrush worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank boosted its position in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after buying an additional 801 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after buying an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock worth $247,000 after acquiring an additional 912 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Semrush by 15.6% in the first quarter. Arizona State Retirement System now owns 12,411 shares of the company's stock worth $116,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Semrush by 4.9% in the first quarter. Rhumbline Advisers now owns 49,889 shares of the company's stock worth $465,000 after acquiring an additional 2,314 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

Insiders Place Their Bets

In related news, CMO Andrew Warden sold 7,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total value of $54,390.00. Following the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at approximately $2,850,945.09. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Vranesh sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director owned 116,693 shares in the company, valued at $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,906 shares of company stock worth $600,644 in the last 90 days. 55.61% of the stock is owned by corporate insiders.

Semrush Price Performance

Shares of SEMR stock traded up $0.02 on Friday, hitting $7.90. The company's stock had a trading volume of 1,054,005 shares, compared to its average volume of 868,170. Semrush Holdings, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $18.74. The firm's fifty day moving average price is $8.55 and its 200-day moving average price is $9.91. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 98.70 and a beta of 1.65.

Wall Street Analysts Forecast Growth

SEMR has been the topic of a number of research reports. Morgan Stanley set a $9.00 price target on shares of Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. KeyCorp set a $12.00 price target on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Needham & Company LLC dropped their price target on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group dropped their price target 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 analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.