Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 165.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,462 shares of the company's stock after purchasing an additional 75,099 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of Semrush worth $1,431,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SEMR. Comerica Bank grew its position in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after acquiring an additional 801 shares during the last quarter. Magnetar Financial LLC increased its stake in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock valued at $186,000 after purchasing an additional 933 shares during the period. MetLife Investment Management LLC increased its stake in Semrush by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company's stock valued at $274,000 after purchasing an additional 2,421 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Semrush by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,242 shares of the company's stock valued at $170,000 after buying an additional 2,471 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Semrush by 2.9% during the fourth quarter. Barclays PLC now owns 105,411 shares of the company's stock worth $1,253,000 after buying an additional 3,004 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Trading Down 2.0%

Shares of SEMR traded down $0.20 during mid-day trading on Friday, hitting $9.64. The company's stock had a trading volume of 870,079 shares, compared to its average volume of 546,850. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74. The firm has a market capitalization of $1.42 billion, a P/E ratio of 120.53 and a beta of 1.79. The firm has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $12.46.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SEMR shares. The Goldman Sachs Group dropped their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. KeyCorp dropped 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. Jefferies Financial Group upped their price target on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Semrush currently has a consensus rating of "Buy" and a consensus target price of $16.43.

Insiders Place Their Bets

In other news, President Eugenie Levin sold 11,662 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.15, for a total transaction of $130,031.30. Following the transaction, the president now directly owns 686,268 shares of the company's stock, valued at $7,651,888.20. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Vitalii Obishchenko sold 36,777 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the sale, the chief operating officer now owns 1,020,063 shares of the company's stock, valued at $11,414,504.97. This trade represents a 3.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,750 shares of company stock worth $1,801,402. 55.61% of the stock is owned by corporate insiders.

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.