Counterpoint Mutual Funds LLC Sells 3,140 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Counterpoint Mutual Funds LLC reduced its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,656 shares of the company’s stock after selling 3,140 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Semrush were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC raised 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 purchasing an additional 467,517 shares in the last quarter. Wellington Management Group LLP raised 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 purchasing an additional 168,400 shares in the last quarter. State Street Corp raised its position in Semrush by 1.4% during the third quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,374 shares in the last quarter. Geode Capital Management LLC raised its position in Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Semrush during the fourth quarter valued at approximately $6,869,000. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Up 2.1 %

NASDAQ SEMR opened at $9.91 on Tuesday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 123.83 and a beta of 1.77. Semrush Holdings, Inc. has a twelve month low of $9.21 and a twelve month high of $18.74. The stock has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $13.91.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They set 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 upped their price target for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Jefferies Financial Group upped their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.71.

Insider Buying and Selling at Semrush

In other Semrush news, CMO Andrew Warden sold 8,462 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $99,090.02. Following the sale, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at approximately $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction 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 in the company, valued at $2,716,817.25. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 400,237 shares of company stock valued at $5,101,508. 57.83% of the stock is currently 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.