Rockefeller Capital Management L.P. Sells 155,046 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Rockefeller Capital Management L.P. lessened its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 91.2% in the third quarter, Holdings Channel reports. The institutional investor owned 15,016 shares of the company’s stock after selling 155,046 shares during the period. Rockefeller Capital Management L.P.’s holdings in Semrush were worth $236,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SEMR. SG Americas Securities LLC bought a new position in Semrush in the 2nd quarter valued at approximately $654,000. Summit Global Investments purchased a new position in shares of Semrush in the second quarter worth $156,000. Bank of New York Mellon Corp lifted its holdings in shares of Semrush by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock valued at $1,403,000 after purchasing an additional 23,313 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Semrush during the second quarter valued at $174,000. Finally, Rhumbline Advisers increased its holdings in Semrush by 29.7% in the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after buying an additional 11,202 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insider Activity

In other news, CMO Andrew Warden sold 3,953 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total transaction of $58,227.69. Following the transaction, the chief marketing officer now directly owns 257,364 shares in the company, valued at $3,790,971.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 8,964 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.14, for a total transaction of $126,750.96. Following the transaction, the chief executive officer now directly owns 4,378,823 shares in the company, valued at approximately $61,916,557.22. The trade was a 0.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,112 shares of company stock valued at $1,441,084 in the last quarter. 57.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SEMR shares. JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. KeyCorp increased their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Semrush Stock Up 2.0 %

Shares of Semrush stock opened at $13.97 on Wednesday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 174.63 and a beta of 1.59. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $13.91.

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.