Semrush Holdings, Inc. (NASDAQ:SEMR) Stock Holdings Lifted by State Street Corp

State Street Corp lifted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 954,409 shares of the company’s stock after purchasing an additional 13,374 shares during the quarter. State Street Corp’s holdings in Semrush were worth $14,994,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares during the last quarter. 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 during the last quarter. Federated Hermes Inc. grew its stake in shares of Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after acquiring an additional 236,010 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after buying an additional 164,395 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Dmitry Melnikov sold 34,566 shares of Semrush stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $12.32, for a total transaction of $425,853.12. Following the completion of the transaction, the director now directly owns 8,868,125 shares in the company, valued at $109,255,300. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Eugenie Levin sold 3,788 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $14.12, for a total value of $53,486.56. Following the transaction, the president now owns 601,892 shares in the company, valued at approximately $8,498,715.04. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 233,056 shares of company stock worth $3,054,001 in the last three months. 57.83% of the stock is owned by corporate insiders.

Semrush Stock Down 1.3 %

NASDAQ SEMR opened at $12.32 on Wednesday. The company has a market capitalization of $1.81 billion, a P/E ratio of 154.02 and a beta of 1.59. The firm has a 50-day moving average price of $13.50 and a two-hundred day moving average price of $13.75. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42.

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.