Rockefeller Capital Management L.P. Has $236,000 Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Rockefeller Capital Management L.P. lowered its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 91.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,016 shares of the company's stock after selling 155,046 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Semrush were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEMR. FMR LLC grew its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company's stock worth $45,188,000 after buying an additional 467,517 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company's stock worth $7,132,000 after acquiring an additional 218,488 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Semrush by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 301,405 shares of the company's stock worth $4,735,000 after purchasing an additional 33,950 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company's stock valued at $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company's stock worth $3,942,000 after purchasing an additional 164,395 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on SEMR shares. KeyCorp boosted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group boosted 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. Needham & Company LLC reissued a "buy" rating and issued a $18.00 target price on shares of Semrush in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their target price on Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.50.

Insider Activity at Semrush

In related news, CFO Brian Mulroy sold 4,207 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $13.12, for a total transaction of $55,195.84. Following the completion of the sale, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. This trade represents a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Oleg Shchegolev sold 8,964 shares of Semrush stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.14, for a total transaction of $126,750.96. Following the completion of the transaction, the chief executive officer now owns 4,378,823 shares in the company, valued at approximately $61,916,557.22. This trade represents a 0.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,112 shares of company stock valued at $1,441,084 over the last 90 days. 57.83% of the stock is currently owned by corporate insiders.

Semrush Stock Up 1.4 %

SEMR traded up $0.20 during trading on Wednesday, reaching $14.17. The stock had a trading volume of 439,785 shares, compared to its average volume of 501,516. The stock has a 50 day moving average of $13.61 and a two-hundred day moving average of $13.91. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 177.13 and a beta of 1.59. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42.

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.