780,084 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Acquired by Topline Capital Management LLC

Topline Capital Management LLC acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 780,084 shares of the company's stock, valued at approximately $9,267,000. Semrush accounts for approximately 1.7% of Topline Capital Management LLC's portfolio, making the stock its 13th biggest position. Topline Capital Management LLC owned approximately 0.53% of Semrush at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Semrush by 2,127.2% in the fourth 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. KLP Kapitalforvaltning AS purchased a new stake in Semrush in the 4th quarter worth $71,000. Polymer Capital Management US LLC bought a new stake in Semrush during the fourth quarter valued at about $121,000. Arizona State Retirement System bought a new position in shares of Semrush in the fourth quarter worth about $128,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush during the fourth quarter worth about $135,000. Institutional investors own 32.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEMR. Jefferies Financial Group lifted their price objective 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. The Goldman Sachs Group reduced their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Needham & Company LLC reissued a "buy" rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk raised Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price target for the company. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.14.

Semrush Price Performance

Shares of Semrush stock traded down $0.14 during trading on Monday, hitting $10.20. The stock had a trading volume of 471,220 shares, compared to its average volume of 548,622. The stock has a market cap of $1.50 billion, a PE ratio of 127.45 and a beta of 1.80. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74. The firm's fifty day simple moving average is $10.41 and its 200-day simple moving average is $12.87.

Insiders Place Their Bets

In related 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 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 directly owns 158,415 shares of the company's stock, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Eugenie Levin sold 15,093 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.11, for a total value of $258,241.23. Following the completion of the transaction, the president now directly owns 493,456 shares in the company, valued at $8,443,032.16. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $2,012,411 over the last 90 days. Insiders own 57.83% of the company's stock.

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.