Woodline Partners LP Purchases New Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Woodline Partners LP acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,045 shares of the company's stock, valued at approximately $298,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Semrush in the fourth quarter worth about $6,869,000. Y Intercept Hong Kong Ltd grew its position in Semrush by 166.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock worth $1,226,000 after acquiring an additional 64,514 shares in the last quarter. SG Americas Securities LLC grew its position in Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock worth $666,000 after acquiring an additional 43,027 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Semrush in the fourth quarter worth about $608,000. Finally, Principal Financial Group Inc. grew its position in Semrush by 10.6% in the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock worth $380,000 after acquiring an additional 3,059 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company's stock.

Insider Transactions at Semrush

In related news, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the transaction, the chief financial officer now directly owns 694,351 shares in the company, valued at approximately $5,978,362.11. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Andrew Warden sold 3,993 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the transaction, the chief marketing officer now owns 400,999 shares in the company, valued at $3,793,450.54. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,665,750 shares of company stock worth $26,826,402 in the last ninety days. Insiders own 55.61% of the company's stock.

Semrush Stock Down 0.1%

Shares of SEMR stock traded down $0.01 on Friday, hitting $9.87. The company had a trading volume of 1,162,753 shares, compared to its average volume of 552,884. The firm has a market cap of $1.46 billion, a P/E ratio of 123.39 and a beta of 1.79. The company has a 50-day moving average price of $9.73 and a 200-day moving average price of $12.35. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEMR. Morgan Stanley decreased their price objective 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. KeyCorp reduced their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $16.43.

Semrush 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.