AlphaQuest LLC Trims Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

AlphaQuest LLC trimmed its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 66.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,939 shares of the company’s stock after selling 9,890 shares during the period. AlphaQuest LLC’s holdings in Semrush were worth $59,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SEMR. US Bancorp DE increased its stake in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares during the period. Arizona State Retirement System purchased a new stake in Semrush during the 4th quarter worth approximately $128,000. Stoneridge Investment Partners LLC purchased a new stake in Semrush during the 4th quarter worth approximately $135,000. DRW Securities LLC purchased a new stake in Semrush during the 3rd quarter worth approximately $157,000. Finally, Virtu Financial LLC purchased a new stake in Semrush during the 3rd quarter worth approximately $158,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Stock Performance

Shares of Semrush stock opened at $10.16 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.21 and a 1 year high of $18.74. The company has a market capitalization of $1.49 billion, a P/E ratio of 126.95 and a beta of 1.77. The company’s fifty day moving average is $14.48 and its two-hundred day moving average is $13.83.

Insiders Place Their Bets

In other news, Director Dmitry Melnikov sold 34,566 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $12.32, for a total value of $425,853.12. Following the completion of the sale, the director now owns 8,868,125 shares in the company, valued at approximately $109,255,300. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Oleg Shchegolev sold 6,859 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89. Following the completion of the sale, the chief executive officer now owns 7,301,214 shares of the company’s stock, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 317,735 shares of company stock valued at $4,069,254. Insiders own 57.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SEMR shares. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.71.

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.