Charles Schwab Investment Management Inc. Has $4.74 Million Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Charles Schwab Investment Management Inc. increased its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 12.7% during the third quarter, HoldingsChannel.com reports. The firm owned 301,405 shares of the company’s stock after buying an additional 33,950 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Semrush were worth $4,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after acquiring an additional 218,488 shares during the period. Federated Hermes Inc. lifted its stake in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares during the period. Millennium Management LLC lifted its stake in shares of Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after acquiring an additional 164,395 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Semrush during the second quarter valued at $3,732,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Semrush by 33.0% during the second quarter. Squarepoint Ops LLC now owns 247,488 shares of the company’s stock valued at $3,314,000 after acquiring an additional 61,456 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Semrush Stock Down 3.8 %

SEMR stock opened at $13.30 on Friday. The business has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $13.89. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 166.25 and a beta of 1.59. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42.

Insider Buying and Selling at Semrush

In related news, President Eugenie Levin sold 3,788 shares of Semrush stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the sale, the president now directly owns 601,892 shares of the company’s stock, valued at approximately $8,498,715.04. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 sale, the chief financial officer now directly owns 433,211 shares of the company’s stock, valued at approximately $5,683,728.32. The trade was a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,112 shares of company stock worth $1,441,084 over the last ninety days. 57.83% of the stock is currently owned by corporate insiders.

Semrush Company 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.