Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 310.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,485 shares of the company's stock after buying an additional 24,576 shares during the quarter. Tower Research Capital LLC TRC's holdings in Semrush were worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. 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 stake 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 purchasing an additional 64,514 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Semrush by 329.4% during the 4th 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. lifted its position 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 purchasing an additional 3,059 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company's stock valued at $1,609,000 after buying an additional 54,830 shares in the last quarter. Institutional investors own 32.86% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SEMR shares. The Goldman Sachs Group dropped their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. 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. Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price on the stock. Finally, Morgan Stanley dropped their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $17.14.

Insider Transactions at Semrush

In other Semrush news, General Counsel David W. Mason sold 1,875 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Eugenie Levin sold 15,093 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23. Following the completion of the sale, the president now directly owns 493,456 shares in the company, valued at approximately $8,443,032.16. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,374 shares of company stock worth $2,012,411. Company insiders own 57.83% of the company's stock.

Semrush Stock Up 0.1 %

SEMR traded up $0.01 on Friday, reaching $10.39. The company had a trading volume of 463,286 shares, compared to its average volume of 551,474. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock has a market capitalization of $1.53 billion, a PE ratio of 129.92 and a beta of 1.79. The stock has a 50-day moving average price of $9.81 and a 200-day moving average price of $12.76.

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.