Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 115.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,407 shares of the company’s stock after acquiring an additional 54,830 shares during the period. Barclays PLC owned about 0.07% of Semrush worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Verition Fund Management LLC grew its stake in shares of Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares during the period. VELA Investment Management LLC purchased a new stake in Semrush during the third quarter worth $701,000. Renaissance Technologies LLC acquired a new stake in Semrush during the second quarter valued at $3,732,000. Cubist Systematic Strategies LLC purchased a new position in Semrush in the second quarter valued at $3,006,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Semrush in the third quarter worth about $1,060,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. KeyCorp raised their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Semrush Price Performance

NASDAQ SEMR opened at $11.97 on Friday. The stock’s 50 day simple moving average is $13.40 and its 200-day simple moving average is $13.69. The company has a market cap of $1.76 billion, a PE ratio of 149.64 and a beta of 1.59. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42.

Insider Activity at Semrush

In related news, President Eugenie Levin sold 3,788 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the sale, the president now owns 601,892 shares of the company’s stock, valued at approximately $8,498,715.04. This represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dmitry Melnikov sold 37,910 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $12.22, for a total transaction of $463,260.20. Following the completion of the sale, the director now owns 8,902,691 shares of the company’s stock, valued at approximately $108,790,884.02. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,523 shares of company stock valued at $3,255,887. 57.83% of the stock is owned by insiders.

About Semrush

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.