Charles Schwab Investment Management Inc. Increases Position in Semrush Holdings, Inc. $SEMR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Semrush Holdings, Inc. by 16.6%, acquiring an additional 50,786 shares during the first quarter, bringing its total ownership to about 0.24% of the company.
• Wall Street analysts have issued varied ratings on Semrush, with target prices ranging from $9.00 to $14.00, indicating cautious optimism as one analyst rates it a Strong Buy while others have lower ratings.
• Insider trading activity includes sales by David W. Mason and CFO Brian Mulroy, who collectively sold 27,500 shares of Semrush, reflecting a slight decrease in their ownership stakes.

Charles Schwab Investment Management Inc. increased its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,551 shares of the company's stock after acquiring an additional 50,786 shares during the period. Charles Schwab Investment Management Inc. owned about 0.24% of Semrush worth $3,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SEMR. Millennium Management LLC grew its stake in Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after purchasing an additional 755,220 shares during the period. First Trust Advisors LP bought a new position in Semrush during the fourth quarter valued at about $3,715,000. Silvercrest Asset Management Group LLC increased its holdings in Semrush by 36.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 810,639 shares of the company's stock worth $9,630,000 after buying an additional 216,193 shares during the last quarter. Dorsey Asset Management LLC raised its position in Semrush by 6.8% in the fourth quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after acquiring an additional 144,534 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Semrush in the fourth quarter valued at about $1,554,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Semrush

In related news, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Mulroy sold 20,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $10.43, for a total value of $208,600.00. Following the completion of the sale, the chief financial officer directly owned 907,385 shares in the company, valued at approximately $9,464,025.55. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,406 shares of company stock valued at $325,419. Company insiders own 55.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. KeyCorp set a $12.00 price target on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group reduced their price objective on Semrush from $12.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Needham & Company LLC decreased their target price on Semrush from $18.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Finally, Morgan Stanley set a $9.00 price target on Semrush and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Semrush has an average rating of "Moderate Buy" and an average price target of $14.00.

Semrush Stock Up 0.9%

NASDAQ:SEMR traded up $0.07 during mid-day trading on Wednesday, hitting $7.75. 314,919 shares of the stock traded hands, compared to its average volume of 867,023. The business's 50-day moving average price is $8.50 and its 200 day moving average price is $9.72. The company has a market cap of $1.15 billion, a PE ratio of 96.82 and a beta of 1.64. Semrush Holdings, Inc. has a 12-month low of $7.01 and a 12-month high of $18.74.

Semrush 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.