Barclays PLC Has $1.61 Million Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Barclays PLC increased its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 115.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,407 shares of the company's stock after purchasing an additional 54,830 shares during the period. Barclays PLC owned approximately 0.07% of Semrush worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its position in shares of Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company's stock worth $2,113,000 after purchasing an additional 99,021 shares in the last quarter. VELA Investment Management LLC acquired a new stake in Semrush in the 3rd quarter valued at $701,000. Renaissance Technologies LLC bought a new stake in Semrush during the 2nd quarter worth about $3,732,000. Cubist Systematic Strategies LLC acquired a new position in shares of Semrush during the 2nd quarter worth about $3,006,000. Finally, GSA Capital Partners LLP bought a new position in shares of Semrush in the 3rd quarter valued at about $1,060,000. Institutional investors own 32.86% of the company's stock.

Semrush Stock Down 2.0 %

Shares of NASDAQ SEMR traded down $0.23 during midday trading on Friday, hitting $11.54. 422,849 shares of the company's stock were exchanged, compared to its average volume of 545,341. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The company's 50 day moving average price is $13.14 and its 200 day moving average price is $13.57.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SEMR. KeyCorp upped their target price on Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Needham & Company LLC reissued a "buy" rating and issued a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Semrush has an average rating of "Moderate Buy" and a consensus price target of $16.50.

Insiders Place Their Bets

In other Semrush news, President Eugenie Levin sold 6,943 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82. Following the completion of the sale, the president now directly owns 580,549 shares in the company, valued at $6,815,645.26. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dmitry Melnikov sold 42,226 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $13.50, for a total value of $570,051.00. Following the completion of the transaction, the director now directly owns 9,099,091 shares in the company, valued at $122,837,728.50. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 260,696 shares of company stock valued at $3,295,219 over the last ninety days. 57.83% of the stock is currently owned by company insiders.

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.