Fox Run Management L.L.C. Sells 8,605 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Fox Run Management L.L.C. cut its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 23.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,637 shares of the company’s stock after selling 8,605 shares during the period. Fox Run Management L.L.C.’s holdings in Semrush were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush during the 4th quarter valued at about $6,869,000. FMR LLC grew its position in Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Wellington Management Group LLP grew its position in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after acquiring an additional 168,400 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Semrush by 312.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 201,317 shares of the company’s stock worth $2,392,000 after acquiring an additional 152,548 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Semrush by 1,107.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 110,965 shares of the company’s stock worth $1,743,000 after acquiring an additional 101,777 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insiders Place Their Bets

In other Semrush news, CEO Oleg Shchegolev sold 6,859 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the completion of the sale, the chief executive officer now directly owns 7,301,214 shares in the company, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David W. Mason sold 9,127 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the sale, the insider now directly owns 272,924 shares in the company, valued at approximately $3,040,373.36. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 266,702 shares of company stock worth $3,441,515. 57.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SEMR shares. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Jefferies Financial Group increased their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Semrush currently has a consensus rating of “Buy” and an average price target of $18.71.

Semrush Stock Down 0.7 %

Shares of SEMR stock opened at $9.86 on Thursday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 123.25 and a beta of 1.77. The stock has a fifty day moving average of $14.24 and a 200 day moving average of $13.74. Semrush Holdings, Inc. has a 52 week low of $9.21 and a 52 week high of $18.74.

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.