ANTIPODES PARTNERS Ltd Purchases 21,319 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

ANTIPODES PARTNERS Ltd raised its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 902.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,681 shares of the company’s stock after acquiring an additional 21,319 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Semrush were worth $281,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after acquiring an additional 3,446 shares during the period. Arizona State Retirement System bought a new stake in shares of Semrush during the fourth quarter worth approximately $128,000. Stoneridge Investment Partners LLC bought a new stake in shares of Semrush during the fourth quarter worth approximately $135,000. DRW Securities LLC bought a new stake in shares of Semrush during the third quarter worth approximately $157,000. Finally, Virtu Financial LLC bought a new stake in shares of Semrush during the third quarter worth approximately $158,000. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling at Semrush

In other Semrush news, General Counsel David W. Mason sold 1,875 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total value of $32,156.25. Following the completion of the sale, the general counsel now owns 158,415 shares in the company, valued at approximately $2,716,817.25. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of Semrush stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02. Following the sale, the chief marketing officer now directly owns 276,656 shares of the company’s stock, valued at $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 481,253 shares of company stock valued at $6,192,121. 57.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Semrush Trading Up 4.2 %

Shares of SEMR opened at $10.01 on Thursday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 125.08 and a beta of 1.77. The firm’s fifty day simple moving average is $14.72 and its two-hundred day simple moving average is $14.00. Semrush Holdings, Inc. has a 12 month low of $9.45 and a 12 month high of $18.74.

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.