Siren L.L.C. Boosts Stock Position in Semrush Holdings, Inc. $SEMR

Key Points

• Siren L.L.C. increased its stake in Semrush Holdings, Inc. by 257.1%, acquiring an additional 90,000 shares for a total of 125,000 shares valued at approximately $1.17 million.
• Brokerage analysts have set price targets for Semrush ranging from $9.00 to $12.00, with a consensus rating of "Moderate Buy" and an average target price of $14.00.
• Company insiders have sold significant shares recently, with notable sales by Directors and the CFO, indicating a decrease in their ownership but maintaining a strong insider ownership of 55.61%.

Siren L.L.C. increased its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 257.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the company's stock after acquiring an additional 90,000 shares during the period. Siren L.L.C. owned approximately 0.09% of Semrush worth $1,166,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Semrush by 16.2% in the 4th quarter. Wells Fargo & Company MN now owns 49,015 shares of the company's stock worth $582,000 after acquiring an additional 6,816 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Semrush in the fourth quarter valued at about $608,000. Barclays PLC increased its holdings in shares of Semrush by 2.9% during 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. First Trust Advisors LP bought a new stake in Semrush during the fourth quarter valued at about $3,715,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Semrush by 17.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock valued at $9,768,000 after buying an additional 123,709 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

Insider Activity

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total value of $54,390.00. Following the completion of the sale, the chief marketing officer owned 366,917 shares in the company, valued at approximately $2,850,945.09. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian Mulroy sold 20,000 shares of the stock in a transaction on Friday, June 6th. The stock was 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 owned 907,385 shares of the company's stock, valued at $9,464,025.55. The trade was a 2.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,406 shares of company stock worth $325,419 over the last three months. 55.61% of the stock is currently owned by corporate insiders.

Semrush Stock Performance

SEMR traded up $0.06 during trading on Wednesday, reaching $7.74. The stock had a trading volume of 208,566 shares, compared to its average volume of 866,407. The stock has a market cap of $1.15 billion, a PE ratio of 96.82 and a beta of 1.64. The business has a 50-day moving average of $8.50 and a 200-day moving average of $9.72. Semrush Holdings, Inc. has a one year low of $7.01 and a one year high of $18.74.

Analyst Upgrades and Downgrades

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

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.