Mackenzie Financial Corp Invests $308,000 in Semrush Holdings, Inc. (NASDAQ:SEMR)

Mackenzie Financial Corp purchased a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,887 shares of the company's stock, valued at approximately $308,000.

Several other hedge funds have also made changes to their positions in the company. US Bancorp DE raised its holdings in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares in the last quarter. Quarry LP grew its position in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Semrush during the 4th quarter worth approximately $71,000. Comerica Bank lifted its position in Semrush by 14.6% during the fourth 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 last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Semrush in the fourth quarter valued at approximately $86,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Semrush Stock Performance

Shares of Semrush stock traded up $0.26 during trading on Friday, hitting $10.37. 1,131,678 shares of the company's stock were exchanged, compared to its average volume of 573,692. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 129.58 and a beta of 1.71. The business has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $12.25.

Insider Buying and Selling at Semrush

In other news, President Eugenie Levin sold 4,075 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total value of $38,468.00. Following the sale, the president now owns 797,393 shares in the company, valued at $7,527,389.92. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Oleg Shchegolev sold 2,500,000 shares of Semrush stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $10.01, for a total value of $25,025,000.00. Following the transaction, the chief technology officer now owns 26,739,320 shares of the company's stock, valued at approximately $267,660,593.20. This represents a 8.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,583,087 shares of company stock worth $25,854,230. Insiders own 55.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced 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. Morgan Stanley reduced their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp lowered their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. 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's stock. According to MarketBeat.com, Semrush has a consensus rating of "Buy" and a consensus target price of $16.43.

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.