Barclays PLC Increases Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Barclays PLC increased its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 115.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,407 shares of the company’s stock after purchasing an additional 54,830 shares during the period. Barclays PLC’s holdings in Semrush were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SEMR. FMR LLC increased its holdings in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after buying an additional 467,517 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Semrush in the second quarter worth approximately $3,732,000. Federated Hermes Inc. increased its stake in Semrush by 385.0% during 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. Cubist Systematic Strategies LLC purchased a new stake in Semrush in the second quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Semrush news, Director Mark Vranesh sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $15.51, for a total transaction of $116,325.00. Following the sale, the director now owns 113,731 shares in the company, valued at $1,763,967.81. This represents a 6.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Shchegolev sold 8,964 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.14, for a total value of $126,750.96. Following the completion of the sale, the chief executive officer now directly owns 4,378,823 shares in the company, valued at $61,916,557.22. This represents a 0.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,523 shares of company stock valued at $3,255,887 in the last ninety days. Company insiders own 57.83% of the company’s stock.

Semrush Stock Performance

Shares of SEMR opened at $11.97 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 149.64 and a beta of 1.59. The company’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $13.69. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42.

Wall Street Analysts Forecast Growth

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

Semrush Profile

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.