Silvercrest Asset Management Group LLC Boosts Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Silvercrest Asset Management Group LLC raised its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 810,639 shares of the company's stock after acquiring an additional 216,193 shares during the period. Silvercrest Asset Management Group LLC owned 0.55% of Semrush worth $9,630,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SEMR. Vanguard Group Inc. boosted its stake in Semrush by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock valued at $61,505,000 after purchasing an additional 113,222 shares during the period. Dorsey Asset Management LLC raised its holdings in shares of Semrush by 6.8% in the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after purchasing an additional 144,534 shares in the last quarter. Millennium Management LLC raised its stake in Semrush by 153.8% during 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. Arrowstreet Capital Limited Partnership boosted its position in shares of Semrush by 122.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after buying an additional 541,899 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Semrush by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock worth $9,768,000 after buying an additional 123,709 shares during the period. Institutional investors own 32.86% of the company's stock.

Semrush Stock Up 1.4%

SEMR stock traded up $0.15 during trading on Tuesday, reaching $10.85. The stock had a trading volume of 364,540 shares, compared to its average volume of 538,860. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The company's 50 day moving average is $9.75 and its two-hundred day moving average is $12.55. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 135.64 and a beta of 1.79.

Wall Street Analyst Weigh In

SEMR has been the topic of several research reports. KeyCorp dropped their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group increased their price target on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley dropped their target price on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Semrush currently has a consensus rating of "Buy" and a consensus price target of $16.43.

Insider Activity at Semrush

In related news, CMO Andrew Warden sold 17,118 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $191,721.60. Following the completion of the transaction, the chief marketing officer now owns 404,992 shares of the company's stock, valued at approximately $4,535,910.40. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian Mulroy sold 22,547 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $252,526.40. Following the transaction, the chief financial officer now directly owns 698,558 shares of the company's stock, valued at $7,823,849.60. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,750 shares of company stock valued at $1,801,402 over the last 90 days. 57.83% of the stock is 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.