17,384 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,384 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Semrush by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock worth $61,505,000 after purchasing an additional 113,222 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Semrush by 122.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock valued at $11,696,000 after buying an additional 541,899 shares during the period. State Street Corp boosted its position in shares of Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Semrush by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company’s stock valued at $9,768,000 after buying an additional 123,709 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Semrush by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 792,827 shares of the company’s stock worth $9,421,000 after acquiring an additional 4,537 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

Insider Activity

In other Semrush news, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the completion of the transaction, the chief financial officer now owns 694,351 shares in the company, valued at approximately $5,978,362.11. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 17,118 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $191,721.60. Following the completion of the transaction, the chief marketing officer now owns 404,992 shares in the company, valued at $4,535,910.40. The trade was a 4.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 170,374 shares of company stock valued at $1,962,411. Insiders own 57.83% of the company’s stock.

Semrush Stock Down 0.6 %

NASDAQ SEMR opened at $8.92 on Tuesday. The business’s fifty day moving average is $11.04 and its 200 day moving average is $12.96. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 111.51 and a beta of 1.80.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SEMR. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Finally, Northland Capmk raised shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $17.14.

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.