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

Barclays PLC lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 115.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,407 shares of the company's stock after buying an additional 54,830 shares during the quarter. Barclays PLC owned about 0.07% of Semrush worth $1,609,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the second quarter worth about $123,000. DRW Securities LLC bought a new stake in Semrush in the third quarter valued at about $157,000. Olympiad Research LP acquired a new position in shares of Semrush in the 3rd quarter worth approximately $159,000. Versor Investments LP acquired a new position in Semrush during the second quarter worth $174,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of 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 acquiring an additional 3,706 shares during the period. Institutional investors and hedge funds own 32.86% of the company's stock.

Insider Activity at Semrush

In related news, Director Mark Vranesh sold 7,500 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now owns 113,731 shares in the company, valued at approximately $1,763,967.81. This represents a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dmitry Melnikov sold 16,467 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $12.26, for a total transaction of $201,885.42. Following the completion of the sale, the director now owns 8,841,297 shares of the company's stock, valued at approximately $108,394,301.22. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,523 shares of company stock worth $3,255,887 over the last 90 days. Insiders own 57.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEMR. The Goldman Sachs Group increased their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Finally, KeyCorp boosted their price objective on Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.50.

Semrush Stock Down 2.9 %

SEMR stock traded down $0.36 during trading on Friday, hitting $11.97. The company had a trading volume of 317,099 shares, compared to its average volume of 499,750. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 149.64 and a beta of 1.59. The firm has a 50-day moving average price of $13.40 and a 200-day moving average price of $13.68. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42.

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.