Connor Clark & Lunn Investment Management Ltd. lifted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 26.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,277 shares of the company's stock after purchasing an additional 38,287 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of Semrush worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Arizona State Retirement System purchased a new stake in shares of Semrush in the fourth quarter worth approximately $128,000. Charles Schwab Investment Management Inc. raised its position in Semrush by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 305,765 shares of the company's stock valued at $3,632,000 after acquiring an additional 4,360 shares in the last quarter. US Bancorp DE raised its position in 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 in the last quarter. VELA Investment Management LLC raised its position in Semrush by 63.3% during the fourth quarter. VELA Investment Management LLC now owns 72,914 shares of the company's stock valued at $866,000 after acquiring an additional 28,263 shares in the last quarter. Finally, Versor Investments LP raised its position in Semrush by 145.8% during the fourth quarter. Versor Investments LP now owns 31,956 shares of the company's stock valued at $380,000 after acquiring an additional 18,956 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Morgan Stanley raised shares of Semrush from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk raised shares of Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Semrush currently has an average rating of "Buy" and a consensus target price of $18.71.
Check Out Our Latest Stock Report on SEMR
Semrush Stock Down 2.0 %
Shares of NASDAQ:SEMR traded down $0.20 during trading on Friday, reaching $9.93. The stock had a trading volume of 897,947 shares, compared to its average volume of 525,561. The stock has a fifty day simple moving average of $14.45 and a two-hundred day simple moving average of $13.80. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 124.10 and a beta of 1.77. Semrush Holdings, Inc. has a 52 week low of $9.21 and a 52 week high of $18.74.
Insider Transactions at Semrush
In other news, CMO Andrew Warden sold 8,462 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the sale, the chief marketing officer now owns 276,656 shares in the company, valued at approximately $3,239,641.76. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 317,735 shares of company stock worth $4,069,254. Insiders own 57.83% of the company's stock.
About Semrush
(
Free Report)
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.
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