Jane Street Group LLC Sells 70,391 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Jane Street Group LLC lowered its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 60.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,363 shares of the company's stock after selling 70,391 shares during the period. Jane Street Group LLC's holdings in Semrush were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company's stock valued at $225,000 after buying an additional 3,706 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Semrush during the 2nd quarter valued at approximately $123,000. DRW Securities LLC bought a new position in shares of Semrush during the 3rd quarter valued at approximately $157,000. Olympiad Research LP purchased a new position in shares of Semrush in the third quarter valued at $159,000. Finally, Algert Global LLC increased its position in Semrush by 13.8% in the second quarter. Algert Global LLC now owns 84,931 shares of the company's stock worth $1,137,000 after purchasing an additional 10,282 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company's stock.

Semrush Price Performance

Shares of SEMR traded up $0.08 during mid-day trading on Friday, reaching $11.81. 411,896 shares of the company's stock traded hands, compared to its average volume of 411,448. The stock's 50-day moving average is $13.28 and its two-hundred day moving average is $13.62. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The stock has a market cap of $1.73 billion, a P/E ratio of 147.64 and a beta of 1.59.

Analyst Upgrades and Downgrades

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

Insider Activity at Semrush

In other Semrush news, Director Dmitry Melnikov sold 42,226 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 9,099,091 shares of the company's stock, valued at $122,837,728.50. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the completion of the transaction, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,911 shares of company stock worth $3,010,647 in the last quarter. 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.