Jane Street Group LLC Has $713,000 Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Jane Street Group LLC decreased its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 60.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,363 shares of the company’s stock after selling 70,391 shares during the period. Jane Street Group LLC’s holdings in Semrush were worth $713,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Semrush during the 2nd quarter valued at about $123,000. DRW Securities LLC acquired a new position in Semrush in the third quarter valued at approximately $157,000. Olympiad Research LP bought a new position in Semrush in the third quarter valued at approximately $159,000. Versor Investments LP acquired a new stake in Semrush during the 2nd quarter worth $174,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. Institutional investors own 32.86% of the company’s stock.

Insider Transactions at Semrush

In related news, Director Dmitry Melnikov sold 42,226 shares of Semrush stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $13.50, for a total value of $570,051.00. Following the sale, the director now owns 9,099,091 shares of the company’s stock, valued at approximately $122,837,728.50. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the transaction, the chief financial officer now owns 433,211 shares of the company’s stock, valued at approximately $5,683,728.32. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,911 shares of company stock valued at $3,010,647 over the last three months. Company insiders own 57.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Semrush Trading Up 0.7 %

SEMR opened at $11.81 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 147.64 and a beta of 1.59. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The firm’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $13.61.

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.