UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.12 Million Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 4.5% in the third quarter, HoldingsChannel.com reports. The firm owned 71,185 shares of the company’s stock after selling 3,389 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Semrush were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SEMR. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the second quarter valued at approximately $123,000. Summit Global Investments bought a new position in Semrush during the 2nd quarter worth $156,000. DRW Securities LLC acquired a new position in Semrush in the 3rd quarter valued at $157,000. Olympiad Research LP bought a new stake in shares of Semrush during the 3rd quarter valued at $159,000. Finally, Versor Investments LP bought a new stake in shares of Semrush during the 2nd quarter valued at $174,000. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SEMR shares. KeyCorp boosted their price target 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 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. JPMorgan Chase & Co. increased their price target 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 restated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Semrush presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Semrush Trading Down 6.1 %

Shares of NASDAQ SEMR opened at $12.38 on Thursday. The stock has a 50-day moving average price of $13.54 and a two-hundred day moving average price of $13.83. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 154.77 and a beta of 1.59.

Insider Activity at Semrush

In other Semrush news, CMO Andrew Warden sold 3,953 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the transaction, the chief marketing officer now owns 257,364 shares of the company’s stock, valued at $3,790,971.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Mulroy sold 4,207 shares of the stock in a transaction dated Friday, October 11th. The shares were 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 owns 433,211 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 115,988 shares of company stock valued at $1,595,894. 57.83% of the stock is owned by insiders.

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.