Lazard Asset Management LLC raised its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 291.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,872 shares of the company's stock after acquiring an additional 86,302 shares during the quarter. Lazard Asset Management LLC owned approximately 0.08% of Semrush worth $1,376,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Comerica Bank boosted its position in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after acquiring an additional 801 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Semrush by 3.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after acquiring an additional 830 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of Semrush by 6.3% in the 4th 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 last quarter. MetLife Investment Management LLC lifted its holdings in shares of Semrush by 11.7% in the 4th 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 last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Semrush by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,242 shares of the company's stock valued at $170,000 after purchasing an additional 2,471 shares during the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SEMR has been the subject of several research reports. KeyCorp reduced their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Morgan Stanley reduced their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Semrush presently has an average rating of "Buy" and an average target price of $16.43.
Read Our Latest Report on Semrush
Insider Buying and Selling at Semrush
In other news, COO Vitalii Obishchenko sold 36,777 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the transaction, the chief operating officer now directly owns 1,020,063 shares of the company's stock, valued at approximately $11,414,504.97. This represents a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at approximately $5,978,362.11. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,750 shares of company stock valued at $1,801,402 in the last ninety days. Insiders own 55.61% of the company's stock.
Semrush Stock Down 2.0%
SEMR traded down $0.20 on Friday, hitting $9.64. 870,079 shares of the company traded hands, compared to its average volume of 546,850. The company has a 50 day moving average of $9.75 and a 200-day moving average of $12.48. The stock has a market capitalization of $1.42 billion, a PE ratio of 120.53 and a beta of 1.79. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74.
Semrush Profile
(
Free Report)
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.
Further Reading
Before you consider Semrush, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Semrush wasn't on the list.
While Semrush currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
