Jane Street Group LLC Has $713,000 Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Jane Street Group LLC cut its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 60.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 45,363 shares of the company’s stock after selling 70,391 shares during the period. Jane Street Group LLC’s holdings in Semrush were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SEMR. Bank of New York Mellon Corp increased 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 worth $1,403,000 after purchasing an additional 23,313 shares during the period. Versor Investments LP acquired a new stake in shares of Semrush during the 2nd quarter worth $174,000. Rhumbline Advisers increased its position in shares of Semrush by 29.7% in the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after purchasing an additional 11,202 shares during the period. Los Angeles Capital Management LLC acquired a new position in Semrush in the second quarter valued at about $258,000. Finally, Acadian Asset Management LLC raised its stake in Semrush by 330.9% in the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after purchasing an additional 28,768 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Semrush Stock Performance

NASDAQ SEMR opened at $11.81 on Friday. The firm’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $13.61. The stock has a market cap of $1.73 billion, a PE ratio of 147.64 and a beta of 1.59. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42.

Insiders Place Their Bets

In related news, Director Dmitry Melnikov sold 15,564 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $11.82, for a total transaction of $183,966.48. Following the completion of the transaction, the director now directly owns 8,807,374 shares of the company’s stock, valued at $104,103,160.68. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of Semrush stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the completion of the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,911 shares of company stock valued at $3,010,647 in the last 90 days. Corporate insiders own 57.83% of the company’s stock.

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.