VELA Investment Management LLC Purchases 28,263 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

VELA Investment Management LLC lifted its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 63.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,914 shares of the company's stock after buying an additional 28,263 shares during the quarter. VELA Investment Management LLC's holdings in Semrush were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Olympiad Research LP acquired a new stake in shares of Semrush in the 3rd quarter valued at about $159,000. Principal Financial Group Inc. acquired a new stake in shares of Semrush during the third quarter worth $454,000. Los Angeles Capital Management LLC boosted its stake in Semrush by 153.5% in the third quarter. Los Angeles Capital Management LLC now owns 48,769 shares of the company's stock valued at $766,000 after acquiring an additional 29,534 shares during the period. GSA Capital Partners LLP bought a new position in Semrush during the 3rd quarter worth $1,060,000. Finally, Quest Partners LLC lifted its stake in Semrush by 398.0% in the third quarter. Quest Partners LLC now owns 14,829 shares of the company's stock valued at $233,000 after buying an additional 11,851 shares during the last quarter. Institutional investors own 32.86% of the company's stock.

Insider Buying and Selling at Semrush

In other news, General Counsel David W. Mason sold 1,875 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the transaction, the general counsel now owns 158,415 shares of the company's stock, valued at approximately $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Oleg Shchegolev sold 6,859 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the sale, the chief executive officer now owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,090 shares of company stock worth $4,736,123 over the last three months. Corporate insiders own 57.83% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 target price for the company. Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $17.88.

Semrush Stock Performance

Shares of NASDAQ SEMR traded down $0.09 during trading hours on Tuesday, hitting $11.06. The stock had a trading volume of 892,487 shares, compared to its average volume of 764,612. The company has a market capitalization of $1.62 billion, a P/E ratio of 139.08 and a beta of 1.69. The firm's 50-day moving average price is $14.98 and its two-hundred day moving average price is $14.17. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $18.74.

Semrush 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.