Walleye Capital LLC Makes New Investment in Semrush Holdings, Inc. (NASDAQ:SEMR)

Walleye Capital LLC purchased a new position in Semrush Holdings, Inc. (NASDAQ:SEMRGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,751 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors have also bought and sold shares of SEMR. Cat Rock Capital Management LP increased its stake in Semrush by 143.8% in the 4th quarter. Cat Rock Capital Management LP now owns 5,050,026 shares of the company’s stock worth $105,293,000 after purchasing an additional 2,978,820 shares during the period. Dorsey Asset Management LLC increased its stake in Semrush by 31.7% in the 1st quarter. Dorsey Asset Management LLC now owns 3,445,361 shares of the company’s stock worth $41,138,000 after purchasing an additional 828,523 shares during the period. Stanley Laman Group Ltd. purchased a new position in Semrush in the 1st quarter worth approximately $5,416,000. Alpha Square Group S LLC purchased a new position in Semrush in the 1st quarter worth approximately $3,463,000. Finally, Vanguard Group Inc. increased its stake in shares of Semrush by 10.4% during the first quarter. Vanguard Group Inc. now owns 2,208,224 shares of the company’s stock valued at $26,366,000 after buying an additional 207,665 shares during the period. 24.23% of the stock is owned by hedge funds and other institutional investors.

Semrush Stock Up 2.7 %

NASDAQ SEMR opened at $11.11 on Wednesday. Semrush Holdings, Inc. has a twelve month low of $7.41 and a twelve month high of $28.93. The firm has a market capitalization of $1.57 billion, a PE ratio of -101.00 and a beta of 0.82. The stock’s 50 day moving average is $12.41 and its 200 day moving average is $11.58.

Insider Activity at Semrush

In related news, CEO Oleg Shchegolev sold 28,912 shares of Semrush stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $12.10, for a total transaction of $349,835.20. Following the sale, the chief executive officer now directly owns 2,267,488 shares in the company, valued at $27,436,604.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Semrush news, CFO Evgeny Fetisov sold 2,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $14.22, for a total value of $28,440.00. Following the sale, the chief financial officer now directly owns 142,421 shares of the company’s stock, valued at $2,025,226.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Shchegolev sold 28,912 shares of the business’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $12.10, for a total value of $349,835.20. Following the completion of the sale, the chief executive officer now directly owns 2,267,488 shares in the company, valued at $27,436,604.80. The disclosure for this sale can be found here. Insiders have sold 497,679 shares of company stock worth $6,516,541 over the last ninety days. 61.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SEMR shares. Morgan Stanley boosted their target price on Semrush from $13.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, August 12th. Piper Sandler boosted their target price on Semrush from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.67.

Semrush Company Profile

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Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.

See Also

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Institutional Ownership by Quarter for Semrush (NASDAQ:SEMR)

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