Semrush Holdings, Inc. $SEMR Shares Sold by Topline Capital Management LLC

Key Points

• Topline Capital Management LLC significantly reduced its stake in Semrush Holdings, Inc. by 87.3%, now holding approximately 0.07% of the company with an estimated value of $928,000.
• Several institutional investors have altered their positions in Semrush, with notable changes including a new purchase by Signaturefd LLC worth about $42,000 and a 504.8% increase in stake by Quarry LP.
• Analysts have issued varied ratings for Semrush, with an average target price of $14.00, and recent price objectives set as low as $9.00 by Goldman Sachs.

Topline Capital Management LLC lowered its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 87.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,426 shares of the company's stock after selling 680,658 shares during the period. Topline Capital Management LLC owned 0.07% of Semrush worth $928,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SEMR. Signaturefd LLC acquired a new stake in shares of Semrush during the first quarter valued at $42,000. Quarry LP boosted its stake in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after acquiring an additional 3,589 shares during the last quarter. Comerica Bank boosted its stake in shares of 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 acquiring an additional 801 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Semrush during the fourth quarter valued at $86,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Semrush during the first quarter valued at $110,000. Institutional investors and hedge funds own 32.86% of the company's stock.

Semrush Price Performance

NASDAQ:SEMR traded down $0.18 during mid-day trading on Tuesday, reaching $7.72. The company's stock had a trading volume of 542,083 shares, compared to its average volume of 865,935. The company's fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $9.73. Semrush Holdings, Inc. has a twelve month low of $7.01 and a twelve month high of $18.74. The stock has a market cap of $1.15 billion, a P/E ratio of 96.57 and a beta of 1.64.

Insider Transactions at Semrush

In other news, CMO Andrew Warden sold 7,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was 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 in the company, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Vranesh sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the director owned 116,693 shares of the company's stock, valued at $1,166,930. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,406 shares of company stock worth $325,419. 55.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SEMR has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Semrush from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. KeyCorp set a $12.00 price target on Semrush and gave the stock an "overweight" rating in a research note on Tuesday, August 5th. 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. Finally, Needham & Company LLC decreased their price target on Semrush from $18.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.