Martingale Asset Management L P Purchases New Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Martingale Asset Management L P purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 53,084 shares of the company's stock, valued at approximately $631,000.

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

Semrush Stock Up 1.0 %

Shares of Semrush stock traded up $0.09 on Friday, hitting $8.98. 434,137 shares of the company were exchanged, compared to its average volume of 543,300. The company has a 50-day moving average price of $11.39 and a 200 day moving average price of $13.06. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 112.25 and a beta of 1.80. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SEMR shares. Jefferies Financial Group boosted their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Northland Capmk raised Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Securities assumed coverage on Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price for the company. Finally, Morgan Stanley cut their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $17.14.

Insider Activity at Semrush

In other Semrush news, General Counsel David W. Mason sold 1,875 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the transaction, the general counsel now owns 158,415 shares of the company's stock, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Vitalii Obishchenko sold 36,777 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $411,534.63. Following the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at approximately $11,414,504.97. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,174 shares of company stock valued at $2,431,563. 57.83% of the stock is owned by company insiders.

Semrush Company 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.