Nuveen Asset Management LLC Has $6.87 Million Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Nuveen Asset Management LLC lessened its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,311 shares of the company's stock after selling 220,080 shares during the period. Nuveen Asset Management LLC owned approximately 0.39% of Semrush worth $6,870,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush during the 4th quarter valued at about $6,869,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Semrush by 166.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock valued at $1,226,000 after purchasing an additional 64,514 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Semrush by 329.4% during the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock valued at $666,000 after purchasing an additional 43,027 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Semrush during the 4th quarter valued at about $608,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Semrush by 10.6% during the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock valued at $380,000 after purchasing an additional 3,059 shares in the last quarter. Institutional investors own 32.86% of the company's stock.

Semrush Trading Down 0.1%

Shares of NASDAQ:SEMR traded down $0.01 during trading on Friday, hitting $9.87. 1,162,753 shares of the company were exchanged, compared to its average volume of 551,687. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 123.39 and a beta of 1.79. 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 fifty day moving average price of $9.73 and a two-hundred day moving average price of $12.35.

Analysts Set New Price Targets

SEMR has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock 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 research note on Monday, February 3rd. Finally, KeyCorp cut their target price 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 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 MarketBeat.com, Semrush presently has an average rating of "Buy" and an average price target of $16.43.

Insiders Place Their Bets

In other Semrush news, CMO Andrew Warden sold 3,993 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction of $37,773.78. Following the transaction, the chief marketing officer now owns 400,999 shares of the company's stock, valued at $3,793,450.54. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Oleg Shchegolev sold 2,500,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 directly owns 26,739,320 shares in the company, valued at $267,660,593.20. The trade was a 8.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,665,750 shares of company stock valued at $26,826,402 in the last 90 days. 55.61% of the stock is currently owned by insiders.

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.