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

Jacobs Levy Equity Management Inc. cut its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 0.09% of Semrush worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SEMR. D. E. Shaw & Co. Inc. raised its position in shares of Semrush by 3.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock worth $299,000 after acquiring an additional 830 shares in the last quarter. Deutsche Bank AG boosted its stake in Semrush by 46.7% in the fourth quarter. Deutsche Bank AG now owns 33,769 shares of the company's stock valued at $401,000 after acquiring an additional 10,753 shares in the last quarter. Dorsey Asset Management LLC grew its holdings in Semrush by 6.8% in the fourth quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock worth $26,831,000 after purchasing an additional 144,534 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Semrush by 10.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 291,370 shares of the company's stock worth $3,461,000 after purchasing an additional 28,052 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its position in shares of Semrush by 42.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 20,689 shares of the company's stock worth $246,000 after purchasing an additional 6,148 shares in the last quarter. Institutional investors own 32.86% of the company's stock.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. KeyCorp lowered their price target on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group cut their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, Morgan Stanley cut their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One 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, the stock currently has an average rating of "Buy" and a consensus price target of $16.43.

Insider Activity at Semrush

In other Semrush news, President Eugenie Levin sold 11,662 shares of Semrush stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.15, for a total transaction of $130,031.30. Following the transaction, the president now directly owns 686,268 shares of the company's stock, valued at $7,651,888.20. The trade was a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 3,993 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total transaction of $37,773.78. Following the completion of the sale, the chief marketing officer now directly owns 400,999 shares of the company's stock, valued at approximately $3,793,450.54. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,750 shares of company stock valued at $1,801,402. Corporate insiders own 57.83% of the company's stock.

Semrush Stock Performance

Shares of NASDAQ:SEMR traded up $0.15 during trading on Tuesday, reaching $10.85. The stock had a trading volume of 364,540 shares, compared to its average volume of 539,733. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74. The stock has a market cap of $1.60 billion, a PE ratio of 135.64 and a beta of 1.79. The business has a fifty day moving average price of $9.72 and a 200-day moving average price of $12.56.

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.