Silvercrest Asset Management Group LLC Has $9.63 Million Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 810,639 shares of the company's stock after purchasing an additional 216,193 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.55% of Semrush worth $9,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SEMR. Comerica Bank grew its holdings in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after purchasing an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Semrush by 3.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Semrush by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock worth $247,000 after acquiring an additional 912 shares during the period. Magnetar Financial LLC lifted its position in Semrush by 6.3% during the 4th quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock worth $186,000 after acquiring an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company's stock valued at $274,000 after acquiring an additional 2,421 shares during the period. Institutional investors own 32.86% of the company's stock.

Semrush Trading Down 1.1%

SEMR stock traded down $0.10 during midday trading on Friday, hitting $9.74. The stock had a trading volume of 131,678 shares, compared to its average volume of 694,030. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74. The stock has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $12.51. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 121.72 and a beta of 1.79.

Insider Activity

In other Semrush news, CEO Oleg Shchegolev sold 32,932 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the completion of the transaction, the chief executive officer now owns 7,268,282 shares in the company, valued at $81,332,075.58. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Andrew Warden sold 3,993 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the sale, the chief marketing officer now owns 400,999 shares in the company, valued at approximately $3,793,450.54. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,750 shares of company stock worth $1,801,402. Corporate insiders own 57.83% of the company's stock.

Analysts Set New Price Targets

SEMR has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their price objective on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, KeyCorp cut their target price on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Semrush 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.