Charles Schwab Investment Management Inc. Grows Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Charles Schwab Investment Management Inc. grew its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,765 shares of the company’s stock after buying an additional 4,360 shares during the period. Charles Schwab Investment Management Inc. owned 0.21% of Semrush worth $3,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SEMR. US Bancorp DE lifted its position 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 acquiring an additional 3,446 shares during the period. VELA Investment Management LLC raised its stake in shares of Semrush by 63.3% in the fourth quarter. VELA Investment Management LLC now owns 72,914 shares of the company’s stock worth $866,000 after purchasing an additional 28,263 shares during the last quarter. Versor Investments LP lifted its holdings in shares of Semrush by 145.8% during the fourth quarter. Versor Investments LP now owns 31,956 shares of the company’s stock worth $380,000 after purchasing an additional 18,956 shares during the period. Los Angeles Capital Management LLC boosted its position in Semrush by 312.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 201,317 shares of the company’s stock valued at $2,392,000 after buying an additional 152,548 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Semrush by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 114,211 shares of the company’s stock worth $1,357,000 after buying an additional 23,634 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Semrush Trading Down 0.7 %

Shares of Semrush stock opened at $9.86 on Thursday. Semrush Holdings, Inc. has a twelve month low of $9.21 and a twelve month high of $18.74. The firm has a market capitalization of $1.45 billion, a PE ratio of 123.25 and a beta of 1.77. The firm’s 50-day moving average price is $14.24 and its 200 day moving average price is $13.74.

Insider Buying and Selling at Semrush

In related news, insider David W. Mason sold 9,127 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the transaction, the insider now directly owns 272,924 shares of the company’s stock, valued at approximately $3,040,373.36. This represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Andrew Warden sold 17,118 shares of Semrush stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60. Following the sale, the chief marketing officer now directly owns 404,992 shares in the company, valued at approximately $4,535,910.40. This trade represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,702 shares of company stock valued at $3,441,515 over the last quarter. 57.83% of the stock is currently owned by insiders.

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.