JPMorgan Chase & Co. Sells 139,256 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

JPMorgan Chase & Co. cut its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,735 shares of the company's stock after selling 139,256 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of Semrush worth $2,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock valued at $61,505,000 after acquiring an additional 113,222 shares during the period. State Street Corp grew its position in shares of Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company's stock valued at $14,994,000 after purchasing an additional 13,374 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company's stock valued at $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Semrush during the fourth quarter valued at about $6,869,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Semrush by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 305,765 shares of the company's stock valued at $3,632,000 after purchasing an additional 4,360 shares in the last quarter. 32.86% of the stock is owned by institutional investors.

Semrush Price Performance

Shares of NASDAQ:SEMR traded down $0.14 during trading hours on Monday, hitting $10.20. 471,220 shares of the company's stock traded hands, compared to its average volume of 548,622. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The business has a fifty day moving average price of $10.26 and a 200-day moving average price of $12.84. The firm has a market capitalization of $1.50 billion, a P/E ratio of 127.45 and a beta of 1.80.

Insider Buying and Selling at Semrush

In other news, CMO Andrew Warden sold 17,118 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $191,721.60. Following the completion of the sale, the chief marketing officer now owns 404,992 shares of the company's stock, valued at approximately $4,535,910.40. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $8.61, for a total transaction of $36,222.27. Following the sale, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at $5,978,362.11. This represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $2,012,411 over the last 90 days. Company insiders own 57.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SEMR shares. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target for the company. Finally, Northland Capmk upgraded Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $17.14.

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.