Y Intercept Hong Kong Ltd Has $1.23 Million Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Y Intercept Hong Kong Ltd lifted its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 166.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,221 shares of the company’s stock after buying an additional 64,514 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.07% of Semrush worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SEMR. Principal Financial Group Inc. lifted its position in Semrush by 10.6% during the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after acquiring an additional 3,059 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after purchasing an additional 3,244 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Semrush by 30.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,845 shares of the company’s stock worth $343,000 after purchasing an additional 5,068 shares during the last quarter. DRW Securities LLC bought a new stake in Semrush during the 3rd quarter valued at approximately $157,000. Finally, Virtu Financial LLC acquired a new stake in Semrush in the 3rd quarter valued at approximately $158,000. 32.86% of the stock is owned by institutional investors.

Semrush Stock Performance

Shares of SEMR stock opened at $15.08 on Thursday. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $18.74. The stock has a market cap of $2.21 billion, a PE ratio of 188.46 and a beta of 1.69. The firm’s 50 day moving average price is $15.03 and its two-hundred day moving average price is $14.21.

Analysts Set New Price Targets

A number of brokerages have weighed in on SEMR. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Jefferies Financial Group lifted their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Finally, Northland Capmk upgraded Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.88.

Insider Activity at Semrush

In related news, Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the completion of the transaction, the director now owns 8,978,501 shares in the company, valued at approximately $114,565,672.76. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel David W. Mason sold 1,875 shares of Semrush stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.15, for a total transaction of $32,156.25. Following the transaction, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 351,090 shares of company stock worth $4,736,123. 57.83% of the stock is owned by insiders.

About Semrush

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.