Sei Investments Co. Increases Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Sei Investments Co. lifted its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 113.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,671 shares of the company's stock after acquiring an additional 57,845 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Semrush worth $1,291,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of Semrush in the 3rd quarter worth $158,000. Arizona State Retirement System purchased a new stake in shares of Semrush in the fourth quarter valued at about $128,000. Stoneridge Investment Partners LLC bought a new position in shares of Semrush during the fourth quarter valued at about $135,000. Finally, Magnetar Financial LLC boosted its holdings in Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock worth $186,000 after purchasing an additional 933 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SEMR has been the topic of a number of research analyst reports. Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price on the stock. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, March 28th. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group upped their price objective on Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Semrush currently has an average rating of "Buy" and a consensus target price of $18.14.

Insider Activity

In other news, General Counsel David W. Mason sold 1,875 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the completion of the transaction, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Mulroy sold 3,015 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00. Following the sale, the chief financial officer now directly owns 430,196 shares in the company, valued at $5,334,430.40. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,182 shares of company stock worth $3,097,575. 57.83% of the stock is owned by corporate insiders.

Semrush Stock Performance

Semrush stock traded up $0.08 during mid-day trading on Friday, reaching $8.83. The company's stock had a trading volume of 419,429 shares, compared to its average volume of 541,134. The firm's fifty day moving average price is $12.11 and its two-hundred day moving average price is $13.23. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The company has a market capitalization of $1.30 billion, a P/E ratio of 110.33 and a beta of 1.80.

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.