Semrush Holdings, Inc. $SEMR Shares Bought by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC increased its stake in Semrush Holdings, Inc. by 23.1%, now holding 796,151 shares valued at approximately $7.4 million.
• Semrush shares recently opened at $7.86 with a market capitalization of $1.17 billion and a twelve-month price range between $7.01 and $18.74.
• Analysts have given Semrush an average rating of "Moderate Buy" with a target price of $14.00, despite some recent downgrades from firms like Goldman Sachs.

Next Century Growth Investors LLC raised its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 23.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,151 shares of the company's stock after purchasing an additional 149,445 shares during the period. Next Century Growth Investors LLC owned about 0.54% of Semrush worth $7,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SEMR. Wells Fargo & Company MN raised its position in Semrush by 16.2% in the 4th quarter. Wells Fargo & Company MN now owns 49,015 shares of the company's stock valued at $582,000 after purchasing an additional 6,816 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Semrush in the 4th quarter valued at about $608,000. Legal & General Group Plc increased its holdings in shares of Semrush by 30.5% in the 4th quarter. Legal & General Group Plc now owns 36,846 shares of the company's stock valued at $438,000 after acquiring an additional 8,606 shares during the last quarter. Barclays PLC increased its holdings in shares of Semrush by 2.9% in the 4th quarter. Barclays PLC now owns 105,411 shares of the company's stock valued at $1,253,000 after acquiring an additional 3,004 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Semrush in the 4th quarter valued at about $3,715,000. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Trading Up 2.3%

Shares of SEMR stock opened at $7.86 on Thursday. The business's 50 day moving average is $8.59 and its two-hundred day moving average is $10.06. Semrush Holdings, Inc. has a twelve month low of $7.01 and a twelve month high of $18.74. The company has a market capitalization of $1.17 billion, a P/E ratio of 98.20 and a beta of 1.65.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction of $208,600.00. Following the completion of the transaction, the chief financial officer directly owned 907,385 shares of the company's stock, valued at approximately $9,464,025.55. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David W. Mason sold 7,500 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $10.03, for a total value of $75,225.00. Following the transaction, the insider directly owned 261,702 shares of the company's stock, valued at $2,624,871.06. The trade was a 2.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,906 shares of company stock valued at $546,254. Company insiders own 55.61% of the company's stock.

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.

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