Fox Run Management L.L.C. Sells 8,605 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Fox Run Management L.L.C. reduced its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,637 shares of the company’s stock after selling 8,605 shares during the quarter. Fox Run Management L.L.C.’s holdings in Semrush were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SEMR. Magnetar Financial LLC boosted its holdings in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after acquiring an additional 933 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Semrush by 10.6% in the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after purchasing an additional 3,059 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Semrush by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after purchasing an additional 3,244 shares in the last quarter. US Bancorp DE grew its position 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 purchasing an additional 3,446 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Semrush by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 305,765 shares of the company’s stock valued at $3,632,000 after purchasing an additional 4,360 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insider Activity

In other news, COO Vitalii Obishchenko sold 5,293 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total value of $62,086.89. Following the completion of the sale, the chief operating officer now directly owns 838,659 shares in the company, valued at $9,837,470.07. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dmitry Melnikov sold 15,564 shares of Semrush stock in a transaction on Monday, December 30th. The shares were sold at an average price of $11.82, for a total value of $183,966.48. Following the transaction, the director now owns 8,807,374 shares in the company, valued at $104,103,160.68. This trade represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 266,702 shares of company stock valued at $3,441,515 in the last quarter. 57.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SEMR shares. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.71.

Semrush Stock Performance

SEMR stock opened at $9.86 on Thursday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 123.25 and a beta of 1.77. The business’s 50-day moving average is $14.24 and its two-hundred day moving average is $13.74. Semrush Holdings, Inc. has a fifty-two week low of $9.21 and a fifty-two week high of $18.74.

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.