Jump Financial LLC Has $828,000 Stock Holdings in Semrush Holdings, Inc. $SEMR

Key Points

• Jump Financial LLC has increased its stake in Semrush Holdings, acquiring an additional 44,422 shares, bringing its total ownership to 88,704 shares valued at approximately $828,000.
• Several institutional investors have also modified their holdings in Semrush, with Nuveen LLC purchasing a new stake worth over $10 million and Millennium Management LLC increasing its stake significantly by 153.8%.
• Wall Street analysts have varied opinions on Semrush's stock, with target prices ranging from $9.00 to $12.00, and an overall average rating of "Moderate Buy."

Jump Financial LLC lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 100.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,704 shares of the company's stock after acquiring an additional 44,422 shares during the period. Jump Financial LLC owned about 0.06% of Semrush worth $828,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SEMR. Comerica Bank grew its stake in Semrush by 14.6% during 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 in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Semrush by 3.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after purchasing an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after purchasing an additional 912 shares in the last quarter. Martingale Asset Management L P increased its stake in Semrush by 2.4% in the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company's stock valued at $507,000 after buying an additional 1,268 shares during the period. Finally, Arizona State Retirement System increased its stake in Semrush by 15.6% in the 1st quarter. Arizona State Retirement System now owns 12,411 shares of the company's stock valued at $116,000 after buying an additional 1,671 shares during the period. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Semrush Trading Down 0.2%

NASDAQ:SEMR traded down $0.02 during mid-day trading on Thursday, hitting $7.70. 502,359 shares of the company's stock traded hands, compared to its average volume of 867,149. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 96.20 and a beta of 1.64. The firm has a 50 day moving average of $8.47 and a two-hundred day moving average of $9.71. Semrush Holdings, Inc. has a 12 month low of $7.01 and a 12 month high of $18.74.

Insider Buying and Selling at Semrush

In other Semrush news, 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 value of $50,000.00. Following the sale, the director directly owned 116,693 shares in the company, valued at $1,166,930. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Andrew Warden sold 7,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the sale, the chief marketing officer owned 366,917 shares of the company's stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,406 shares of company stock valued at $325,419 in the last ninety days. Company insiders own 55.61% of the company's stock.

About Semrush

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.