Semrush Holdings, Inc. $SEMR Position Increased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in Semrush Holdings, Inc. by 129.2% in Q1, owning a total of 674,396 shares valued at approximately $6.29 million.
• In recent insider activity, CMO Andrew Warden sold 7,000 shares, reducing his ownership by 1.87%, while the ownership percentage held by insiders stands at 55.61%.
• Wall Street analysts have varying price targets for Semrush, with consensus ratings leaning toward a Moderate Buy and an average price target of $14.00, despite recent cuts from some firms.

Goldman Sachs Group Inc. raised its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 129.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 674,396 shares of the company's stock after purchasing an additional 380,165 shares during the quarter. Goldman Sachs Group Inc. owned about 0.46% of Semrush worth $6,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Semrush by 4.9% in the 1st quarter. Rhumbline Advisers now owns 49,889 shares of the company's stock valued at $465,000 after purchasing an additional 2,314 shares during the last quarter. Strs Ohio purchased a new stake in shares of Semrush in the 1st quarter valued at approximately $390,000. Caxton Associates LLP acquired a new position in shares of Semrush in the 1st quarter worth approximately $230,000. Petrus Trust Company LTA lifted its holdings in shares of Semrush by 4.6% in the 1st quarter. Petrus Trust Company LTA now owns 31,043 shares of the company's stock worth $290,000 after acquiring an additional 1,368 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Semrush by 4.9% in the 1st quarter. Millennium Management LLC now owns 1,306,684 shares of the company's stock worth $12,191,000 after acquiring an additional 60,575 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark Vranesh sold 5,000 shares of Semrush stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the sale, the director directly owned 116,693 shares in the company, valued at $1,166,930. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the sale, the chief marketing officer owned 366,917 shares of the company's stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,406 shares of company stock valued at $116,819 over the last 90 days. 55.61% of the stock is currently owned by insiders.

Semrush Price Performance

Shares of SEMR stock traded down $0.12 during mid-day trading on Friday, hitting $7.42. The stock had a trading volume of 223,129 shares, compared to its average volume of 877,751. The company's 50-day simple moving average is $8.14 and its 200-day simple moving average is $9.13. Semrush Holdings, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $18.74. The firm has a market cap of $1.10 billion, a PE ratio of 92.70 and a beta of 1.64.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. KeyCorp set a $12.00 target price on shares of Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. Needham & Company LLC cut their target price on shares of Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. The Goldman Sachs Group cut their target price on shares of Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Morgan Stanley set a $9.00 target price on shares of Semrush and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. One investment 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 stock. According to MarketBeat, Semrush has a consensus rating of "Moderate Buy" and an average price target of $14.00.

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.