Wellington Management Group LLP Has $24.03 Million Stake in Semrush Holdings, Inc. (NASDAQ:SEMR)

Wellington Management Group LLP increased its position in Semrush Holdings, Inc. (NASDAQ:SEMR - Free Report) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,529,624 shares of the company's stock after acquiring an additional 168,400 shares during the quarter. Wellington Management Group LLP owned about 1.04% of Semrush worth $24,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in Semrush in the 2nd quarter worth about $123,000. Summit Global Investments acquired a new stake in Semrush in the 2nd quarter valued at $156,000. DRW Securities LLC acquired a new stake in shares of Semrush in the third quarter worth approximately $157,000. Olympiad Research LP purchased a new position in shares of Semrush in the third quarter worth about $159,000. Finally, Versor Investments LP purchased a new position in Semrush in the 2nd quarter worth approximately $174,000. 32.86% of the stock is currently owned by institutional investors.

Insider Transactions at Semrush

In other Semrush news, President Eugenie Levin sold 3,788 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total value of $53,486.56. Following the sale, the president now directly owns 601,892 shares in the company, valued at approximately $8,498,715.04. The trade was a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of the business's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the completion of the sale, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. The trade was a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,112 shares of company stock valued at $1,441,084. Insiders own 57.83% of the company's stock.

Semrush Trading Down 3.8 %

SEMR stock traded down $0.53 during trading on Friday, reaching $13.30. The stock had a trading volume of 508,035 shares, compared to its average volume of 503,095. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42. The firm has a fifty day moving average price of $13.58 and a 200 day moving average price of $13.89. The company has a market capitalization of $1.95 billion, a P/E ratio of 166.25 and a beta of 1.59.

Analysts Set New Price Targets

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

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.