Barclays PLC Has $1.61 Million Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Barclays PLC boosted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 115.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,407 shares of the company’s stock after buying an additional 54,830 shares during the quarter. Barclays PLC owned approximately 0.07% of Semrush worth $1,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. acquired a new position in shares of Semrush in the second quarter worth $123,000. DRW Securities LLC acquired a new position in Semrush in the 3rd quarter worth about $157,000. Olympiad Research LP purchased a new stake in shares of Semrush during the 3rd quarter worth about $159,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after buying an additional 3,706 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of Semrush by 398.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling at Semrush

In other Semrush news, CMO Andrew Warden sold 8,462 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the sale, the chief marketing officer now directly owns 276,656 shares in the company, valued at $3,239,641.76. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Vitalii Obishchenko sold 5,293 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the transaction, the chief operating officer now owns 838,659 shares in the company, valued at approximately $9,837,470.07. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 260,696 shares of company stock worth $3,295,219 over the last ninety days. Company insiders own 57.83% of the company’s stock.

Wall Street Analysts Forecast Growth

SEMR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. Finally, KeyCorp raised their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Semrush Trading Down 2.0 %

NASDAQ:SEMR opened at $11.54 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm’s fifty day simple moving average is $13.14 and its 200 day simple moving average is $13.57.

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.