Man Group plc Has $1.71 Million Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Man Group plc grew its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 113.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,686 shares of the company's stock after buying an additional 76,417 shares during the period. Man Group plc owned 0.10% of Semrush worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SEMR. Topline Capital Management LLC bought a new stake in shares of Semrush during the fourth quarter valued at approximately $9,267,000. Millennium Management LLC raised its holdings in Semrush by 153.8% during the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after purchasing an additional 755,220 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Semrush during the fourth quarter worth approximately $6,869,000. Arrowstreet Capital Limited Partnership raised its holdings in Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after purchasing an additional 541,899 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Semrush during the fourth quarter worth approximately $3,715,000. Institutional investors own 32.86% of the company's stock.

Semrush Trading Down 1.0%

NASDAQ:SEMR traded down $0.10 during trading hours on Wednesday, hitting $9.96. 483,165 shares of the stock traded hands, compared to its average volume of 547,867. The firm has a 50 day moving average price of $9.74 and a 200 day moving average price of $12.42. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 124.70 and a beta of 1.79.

Insider Buying and Selling at Semrush

In other news, CMO Andrew Warden sold 7,344 shares of Semrush stock in a transaction on Monday, May 12th. The shares were sold at an average price of $10.81, for a total transaction of $79,388.64. Following the transaction, the chief marketing officer now directly owns 393,655 shares of the company's stock, valued at $4,255,410.55. This trade represents a 1.83% decrease in their ownership of the stock. The sale 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 business's stock in a transaction on 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 directly owns 1,020,063 shares in the company, valued at $11,414,504.97. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,750 shares of company stock worth $1,801,402 over the last ninety days. Company insiders own 55.61% of the company's stock.

Wall Street Analyst Weigh In

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

Semrush Company 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.