Dorsey Asset Management LLC grew its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) by 31.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,445,361 shares of the company's stock after buying an additional 828,523 shares during the quarter. Semrush accounts for about 4.0% of Dorsey Asset Management LLC's holdings, making the stock its 10th biggest position. Dorsey Asset Management LLC's holdings in Semrush were worth $41,138,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SEMR. Cat Rock Capital Management LP lifted its position in Semrush by 143.8% in the 4th quarter. Cat Rock Capital Management LP now owns 5,050,026 shares of the company's stock valued at $105,293,000 after acquiring an additional 2,978,820 shares in the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of Semrush in the first quarter worth approximately $5,416,000. Vanguard Group Inc. lifted its holdings in shares of Semrush by 10.4% in the first quarter. Vanguard Group Inc. now owns 2,208,224 shares of the company's stock valued at $26,366,000 after purchasing an additional 207,665 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Semrush by 43.0% in the first quarter. BlackRock Inc. now owns 345,138 shares of the company's stock valued at $4,121,000 after purchasing an additional 103,700 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Semrush during the fourth quarter valued at approximately $2,085,000. 24.23% of the stock is owned by institutional investors.
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In other Semrush news, CEO Oleg Shchegolev sold 9,660 shares of Semrush stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.29, for a total value of $128,381.40. Following the sale, the chief executive officer now owns 1,626,570 shares of the company's stock, valued at $21,617,115.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Semrush news, CEO Oleg Shchegolev sold 9,660 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $13.29, for a total transaction of $128,381.40. Following the completion of the transaction, the chief executive officer now directly owns 1,626,570 shares of the company's stock, valued at $21,617,115.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Evgeny Fetisov sold 2,000 shares of the business's stock in a transaction on Monday, June 27th. The shares were sold at an average price of $14.22, for a total value of $28,440.00. Following the completion of the sale, the chief financial officer now owns 142,421 shares in the company, valued at $2,025,226.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 439,079 shares of company stock worth $5,830,653. 61.90% of the stock is owned by company insiders.
Semrush Price Performance
NASDAQ SEMR opened at $11.80 on Friday. The business's fifty day moving average is $12.59 and its 200-day moving average is $11.70. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -107.27 and a beta of 0.82. Semrush Holdings, Inc. has a one year low of $7.41 and a one year high of $32.48.Wall Street Analysts Forecast Growth
SEMR has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Semrush from $13.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, August 12th. Jefferies Financial Group dropped their price target on shares of Semrush from $15.00 to $10.00 in a research report on Thursday, May 12th. Finally, Piper Sandler upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.67.
Semrush 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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