17,933 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Purchased by PharVision Advisers LLC

PharVision Advisers LLC acquired a new position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,933 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its position in shares of 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 purchasing an additional 3,446 shares during the last quarter. Quarry LP boosted its holdings in Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after acquiring an additional 3,589 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Semrush during the 4th quarter valued at about $71,000. Comerica Bank boosted its holdings in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in Semrush during the 4th quarter valued at about $86,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Stock Performance

Shares of SEMR opened at $9.84 on Friday. The stock has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $12.51. The stock has a market capitalization of $1.45 billion, a PE ratio of 122.99 and a beta of 1.79. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74.

Insider Activity

In other news, CMO Andrew Warden sold 17,118 shares of Semrush stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $191,721.60. Following the completion of the transaction, the chief marketing officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oleg Shchegolev sold 32,932 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $368,509.08. Following the sale, the chief executive officer now directly owns 7,268,282 shares in the company, valued at $81,332,075.58. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,750 shares of company stock worth $1,801,402. 57.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SEMR shares. Jefferies Financial Group raised their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. The Goldman Sachs Group lowered their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. KeyCorp lowered their target price on Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley lowered their target price on Semrush from $19.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $16.43.

Semrush Company 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.