Man Group plc Purchases 76,417 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Man Group plc grew its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 113.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 143,686 shares of the company's stock after acquiring an additional 76,417 shares during the period. Man Group plc owned about 0.10% of Semrush worth $1,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Semrush by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock worth $61,505,000 after acquiring an additional 113,222 shares during the period. Dorsey Asset Management LLC grew its stake in shares of Semrush by 6.8% in the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after buying an additional 144,534 shares during the last quarter. Millennium Management LLC grew its stake in shares of Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after buying an additional 755,220 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after buying an additional 541,899 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Semrush by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock worth $9,768,000 after buying an additional 123,709 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company's stock.

Analysts Set New Price Targets

SEMR has been the topic of several recent research reports. 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. The Goldman Sachs Group cut their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Morgan Stanley cut their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, KeyCorp cut their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.43.

Semrush Trading Down 0.1%

SEMR traded down $0.01 during trading on Thursday, hitting $9.86. 188,961 shares of the company's stock traded hands, compared to its average volume of 547,004. The company's 50 day simple moving average is $9.74 and its two-hundred day simple moving average is $12.40. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 123.39 and a beta of 1.79.

Insider Buying and Selling at Semrush

In other news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at $5,978,362.11. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Shchegolev sold 32,932 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the transaction, the chief executive officer now directly owns 7,268,282 shares in the company, valued at $81,332,075.58. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,665,750 shares of company stock worth $26,826,402. 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.