Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by US Bancorp DE

US Bancorp DE raised its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 2,127.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,608 shares of the company’s stock after acquiring an additional 3,446 shares during the quarter. US Bancorp DE’s holdings in Semrush were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in shares of Semrush in the third quarter valued at approximately $454,000. Quest Partners LLC grew its position in shares of Semrush by 398.0% in the third quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after purchasing an additional 11,851 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Semrush by 9.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,990 shares of the company’s stock valued at $2,294,000 after purchasing an additional 12,651 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Semrush in the third quarter valued at approximately $387,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Semrush by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 301,405 shares of the company’s stock valued at $4,735,000 after purchasing an additional 33,950 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analysts Set New Price Targets

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

Semrush Stock Performance

SEMR stock opened at $9.71 on Wednesday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 121.33 and a beta of 1.77. Semrush Holdings, Inc. has a one year low of $9.21 and a one year high of $18.74. The company has a 50 day moving average price of $14.55 and a two-hundred day moving average price of $13.88.

Insider Activity

In related news, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares of the company’s stock, valued at approximately $2,716,817.25. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of the business’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 $99,090.02. Following the completion of the transaction, the chief marketing officer now owns 276,656 shares in the company, valued at $3,239,641.76. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 355,645 shares of company stock valued at $4,532,514 in the last ninety days. Company insiders own 57.83% of the company’s stock.

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.