Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 31.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,171 shares of the company's stock after purchasing an additional 31,950 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.09% of Semrush worth $1,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Semrush during the 1st quarter valued at $42,000. Quarry LP increased its holdings in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after acquiring an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Semrush during the fourth quarter valued at approximately $71,000. Comerica Bank boosted its position in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush in the fourth quarter worth $86,000. 32.86% of the stock is owned by institutional investors.

Semrush Trading Up 1.6%

Shares of NASDAQ SEMR traded up $0.16 during trading hours on Friday, reaching $9.74. The stock had a trading volume of 664,022 shares, compared to its average volume of 772,776. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 121.70 and a beta of 1.65. The business's fifty day moving average price is $9.43 and its two-hundred day moving average price is $11.28.

Insider Buying and Selling

In other Semrush news, Director Anna Baird sold 20,000 shares of Semrush stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the sale, the director directly owned 26,556 shares in the company, valued at approximately $265,560. The trade was a 42.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark Vranesh sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the director directly owned 116,693 shares in the company, valued at $1,166,930. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,561,250 shares of company stock valued at $25,650,643 over the last quarter. 55.61% of the stock is owned by company insiders.

Analyst Ratings Changes

SEMR has been the subject 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 for the company in a research note on Wednesday, April 16th. KeyCorp cut their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $16.43.

About Semrush

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.