Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,277 shares of the company’s stock after purchasing an additional 38,287 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Semrush were worth $2,189,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. US Bancorp DE grew its holdings in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Semrush in the third quarter valued at $157,000. Virtu Financial LLC purchased a new stake in shares of Semrush in the third quarter valued at $158,000. Arizona State Retirement System acquired a new stake in shares of Semrush during the fourth quarter valued at $128,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in Semrush during the 4th quarter worth about $135,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Semrush Stock Down 2.1 %

SEMR stock opened at $9.71 on Wednesday. Semrush Holdings, Inc. has a 52 week low of $9.21 and a 52 week high of $18.74. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 121.33 and a beta of 1.77. The business has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $13.88.

Insiders Place Their Bets

In other news, CMO Andrew Warden sold 8,462 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the sale, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David W. Mason sold 9,127 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total transaction of $101,674.78. Following the completion of the transaction, the insider now directly owns 272,924 shares in the company, valued at approximately $3,040,373.36. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 355,645 shares of company stock worth $4,532,514 over the last three months. 57.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SEMR shares. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat, Semrush currently has an average rating of “Buy” and a consensus price target of $18.71.

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.