First Trust Advisors LP Buys Shares of 312,688 Semrush Holdings, Inc. (NASDAQ:SEMR)

First Trust Advisors LP bought a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 312,688 shares of the company's stock, valued at approximately $3,715,000. First Trust Advisors LP owned 0.21% of Semrush as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Semrush in the 4th quarter valued at $6,869,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock worth $1,226,000 after buying an additional 64,514 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock valued at $666,000 after acquiring an additional 43,027 shares during the period. Principal Financial Group Inc. grew its stake in shares of Semrush by 10.6% in the fourth quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock valued at $380,000 after acquiring an additional 3,059 shares in the last quarter. Finally, Barclays PLC increased its position in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company's stock worth $1,609,000 after acquiring an additional 54,830 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Needham & Company LLC restated a "buy" rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk raised Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $17.14.

Insider Activity

In related news, CEO Oleg Shchegolev sold 32,932 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $368,509.08. Following the sale, the chief executive officer now owns 7,268,282 shares of the company's stock, valued at $81,332,075.58. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Vitalii Obishchenko sold 36,777 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $411,534.63. Following the sale, the chief operating officer now owns 1,020,063 shares in the company, valued at $11,414,504.97. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,406 shares of company stock worth $1,722,014. Corporate insiders own 57.83% of the company's stock.

Semrush Price Performance

NASDAQ:SEMR traded down $0.26 during trading hours on Tuesday, hitting $10.14. The company's stock had a trading volume of 544,722 shares, compared to its average volume of 551,095. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The stock has a fifty day simple moving average of $9.72 and a 200-day simple moving average of $12.74. The company has a market capitalization of $1.49 billion, a P/E ratio of 126.70 and a beta of 1.79.

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.