Arrowstreet Capital Limited Partnership Purchases 541,899 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 122.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 984,544 shares of the company's stock after purchasing an additional 541,899 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.67% of Semrush worth $11,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE raised its position in Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after purchasing an additional 3,446 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the 4th quarter valued at $71,000. Arizona State Retirement System acquired a new position in Semrush in the 4th quarter worth $128,000. Stoneridge Investment Partners LLC bought a new stake in Semrush during the 4th quarter worth about $135,000. Finally, Virtu Financial LLC bought a new stake in Semrush during the 3rd quarter worth about $158,000. Institutional investors own 32.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Northland Securities started coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target on the stock. The Goldman Sachs Group decreased their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Finally, Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $18.14.

Insider Activity at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 32,932 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the sale, the chief executive officer now directly owns 7,268,282 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, President Eugenie Levin sold 4,075 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $38,468.00. Following the completion of the sale, the president now owns 797,393 shares of the company's stock, valued at $7,527,389.92. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 241,182 shares of company stock valued at $3,097,575 in the last quarter. Insiders own 57.83% of the company's stock.

Semrush Stock Performance

Shares of NASDAQ SEMR traded down $0.18 during trading hours on Thursday, hitting $8.96. 52,000 shares of the stock were exchanged, compared to its average volume of 747,921. The company has a market cap of $1.32 billion, a PE ratio of 112.01 and a beta of 1.80. The company's fifty day simple moving average is $12.46 and its two-hundred day simple moving average is $13.32. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

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.