VELA Investment Management LLC Boosts Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

VELA Investment Management LLC lifted its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 63.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,914 shares of the company’s stock after purchasing an additional 28,263 shares during the quarter. VELA Investment Management LLC’s holdings in Semrush were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. FMR LLC raised its position in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after buying an additional 467,517 shares during the last quarter. Wellington Management Group LLP raised its position in Semrush by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after buying an additional 168,400 shares during the last quarter. State Street Corp raised its position in Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after buying an additional 13,374 shares during the last quarter. Geode Capital Management LLC raised its position in Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after buying an additional 36,173 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Semrush in the 4th quarter worth about $6,869,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Trading Down 21.0 %

Semrush stock opened at $11.92 on Friday. The firm has a 50 day moving average of $15.03 and a 200 day moving average of $14.20. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 148.99 and a beta of 1.69. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $18.74.

Insider Buying and Selling

In other Semrush news, Director Dmitry Melnikov sold 42,226 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $13.50, for a total transaction of $570,051.00. Following the completion of the sale, the director now directly owns 9,099,091 shares of the company’s stock, valued at $122,837,728.50. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel David W. Mason sold 1,875 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the sale, the general counsel now directly owns 158,415 shares of the company’s stock, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,090 shares of company stock valued at $4,736,123. 57.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Finally, Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.88.

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.