Semrush Holdings, Inc. (NASDAQ:SEMR) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 26.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,277 shares of the company’s stock after purchasing an additional 38,287 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Semrush worth $2,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares during the last quarter. Arizona State Retirement System purchased a new position in shares of Semrush during the fourth quarter worth about $128,000. Stoneridge Investment Partners LLC purchased a new position in shares of Semrush during the fourth quarter worth about $135,000. DRW Securities LLC acquired a new stake in shares of Semrush during the third quarter worth about $157,000. Finally, Virtu Financial LLC acquired a new stake in shares of Semrush in the 3rd quarter valued at about $158,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Trading Down 2.1 %

Shares of SEMR stock opened at $9.71 on Wednesday. Semrush Holdings, Inc. has a 12-month low of $9.21 and a 12-month high of $18.74. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 121.33 and a beta of 1.77. The stock has a 50 day simple moving average of $14.55 and a 200-day simple moving average of $13.88.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Dmitry Melnikov sold 37,910 shares of Semrush stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $12.22, for a total transaction of $463,260.20. Following the completion of the sale, the director now directly owns 8,902,691 shares in the company, valued at approximately $108,790,884.02. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Eugenie Levin sold 6,943 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total value of $81,510.82. Following the completion of the sale, the president now owns 580,549 shares in the company, valued at approximately $6,815,645.26. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 355,645 shares of company stock worth $4,532,514. 57.83% of the stock is 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.