JPMorgan Chase & Co. Has $2.94 Million Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

JPMorgan Chase & Co. lessened its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,735 shares of the company's stock after selling 139,256 shares during the period. JPMorgan Chase & Co. owned about 0.17% of Semrush worth $2,943,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after acquiring an additional 3,446 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Semrush during the 4th quarter valued at $71,000. Arizona State Retirement System acquired a new stake in Semrush during the 4th quarter valued at $128,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush in the fourth quarter valued at $135,000. Finally, Virtu Financial LLC acquired a new stake in shares of Semrush in the third quarter worth $158,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Price Performance

NASDAQ:SEMR traded up $0.11 during mid-day trading on Friday, reaching $10.32. The stock had a trading volume of 397,118 shares, compared to its average volume of 547,865. The stock has a market cap of $1.52 billion, a P/E ratio of 128.97 and a beta of 1.80. The business's 50 day moving average is $10.41 and its 200 day moving average is $12.87. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74.

Insiders Place Their Bets

In related news, Director Mark Vranesh sold 5,000 shares of Semrush stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the sale, the director now owns 103,731 shares of the company's stock, valued at approximately $1,037,310. The trade was a 4.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares in the company, valued at $5,978,362.11. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock valued at $2,012,411 over the last ninety days. Corporate insiders own 57.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SEMR shares. Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price objective for the company. Jefferies Financial Group increased their price target 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. Morgan Stanley lowered their price objective 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. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Finally, Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Semrush presently has a consensus rating of "Buy" and an average target price of $17.14.

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.