GSA Capital Partners LLP acquired a new position in Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,985 shares of the company's stock, valued at approximately $454,000.
A number of other institutional investors have also made changes to their positions in the business. Wealthsource Partners LLC increased its stake in shares of Semrush by 22.3% in the first quarter. Wealthsource Partners LLC now owns 13,510 shares of the company's stock worth $161,000 after purchasing an additional 2,460 shares during the period. Sandy Cove Advisors LLC bought a new position in shares of Semrush in the first quarter worth about $119,000. Stanley Laman Group Ltd. bought a new position in shares of Semrush in the first quarter worth about $5,416,000. KB Financial Partners LLC increased its stake in shares of Semrush by 72.5% in the fourth quarter. KB Financial Partners LLC now owns 27,927 shares of the company's stock worth $582,000 after purchasing an additional 11,734 shares during the period. Finally, Select Equity Group L.P. increased its stake in shares of Semrush by 164.0% in the fourth quarter. Select Equity Group L.P. now owns 82,130 shares of the company's stock worth $1,712,000 after purchasing an additional 51,018 shares during the period. 15.10% of the stock is currently owned by institutional investors.
Get Semrush alerts:Semrush Stock Up 1.4 %
NASDAQ SEMR opened at $13.42 on Friday. The stock's 50 day moving average is $12.81 and its two-hundred day moving average is $12.10. Semrush Holdings, Inc. has a 1-year low of $7.41 and a 1-year high of $32.48.
Insider Transactions at Semrush
In other news, CEO Oleg Shchegolev sold 28,912 shares of the business's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $12.10, for a total value of $349,835.20. Following the transaction, the chief executive officer now directly owns 2,267,488 shares of the company's stock, valued at approximately $27,436,604.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Oleg Shchegolev sold 28,912 shares of the business's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $12.10, for a total value of $349,835.20. Following the transaction, the chief executive officer now directly owns 2,267,488 shares of the company's stock, valued at approximately $27,436,604.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Evgeny Fetisov sold 2,000 shares of the business's stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $14.22, for a total value of $28,440.00. Following the completion of the transaction, the chief financial officer now directly owns 142,421 shares in the company, valued at $2,025,226.62. The disclosure for this sale can be found here. Insiders have sold 439,079 shares of company stock valued at $5,830,653 in the last three months. 61.90% of the stock is owned by corporate insiders.Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on SEMR shares. Piper Sandler lifted their target price on Semrush from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. Jefferies Financial Group decreased their target price on Semrush from $15.00 to $10.00 in a research report on Thursday, May 12th. Finally, Morgan Stanley lifted their target price on Semrush from $13.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.67.
Semrush Company Profile
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Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.
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