Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 138,883 shares of the company's stock after selling 138,636 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Semrush worth $1,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dakota Wealth Management acquired a new stake in shares of Semrush during the 4th quarter worth approximately $199,000. SG Americas Securities LLC boosted its holdings in Semrush by 329.4% during the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock worth $666,000 after buying an additional 43,027 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Semrush during the fourth quarter valued at $135,000. Allspring Global Investments Holdings LLC purchased a new position in Semrush in the fourth quarter valued at $6,869,000. Finally, Principal Financial Group Inc. increased its holdings in 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 buying an additional 3,059 shares in the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Oleg Shchegolev sold 32,932 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the transaction, the chief executive officer now directly owns 7,268,282 shares of the company's stock, valued at approximately $81,332,075.58. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Vitalii Obishchenko sold 36,777 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the sale, the chief operating officer now directly owns 1,020,063 shares of the company's stock, valued at approximately $11,414,504.97. This represents a 3.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,750 shares of company stock valued at $1,801,402 in the last 90 days. 57.83% of the stock is owned by insiders.

Semrush Stock Performance

Shares of SEMR traded down $0.07 during trading hours on Thursday, hitting $9.65. 310,658 shares of the stock were exchanged, compared to its average volume of 541,398. The stock's 50-day moving average price is $9.75 and its two-hundred day moving average price is $12.53. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 120.89 and a beta of 1.79.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEMR. The Goldman Sachs Group lowered their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. KeyCorp lowered their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Jefferies Financial Group boosted their price objective on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Semrush currently has an average rating of "Buy" and an average 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.