Brevan Howard Capital Management LP Has $246,000 Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Brevan Howard Capital Management LP boosted its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 42.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,689 shares of the company’s stock after buying an additional 6,148 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Semrush were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SEMR. Topline Capital Management LLC acquired a new position in Semrush during the 4th quarter worth about $9,267,000. Allspring Global Investments Holdings LLC acquired a new position in Semrush during the 4th quarter worth about $6,869,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock valued at $11,696,000 after purchasing an additional 541,899 shares during the period. First Trust Advisors LP bought a new stake in shares of Semrush during the 4th quarter valued at about $3,715,000. Finally, Renaissance Group LLC acquired a new stake in Semrush during the fourth quarter worth approximately $3,597,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Trading Up 5.1%

Semrush stock opened at $10.51 on Monday. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74. The firm has a market capitalization of $1.55 billion, a PE ratio of 131.39 and a beta of 1.79. The firm’s 50 day simple moving average is $9.63 and its 200 day simple moving average is $12.66.

Insider Buying and Selling at Semrush

In other Semrush news, CEO Oleg Shchegolev sold 32,932 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the sale, the chief executive officer now owns 7,268,282 shares of the company’s stock, valued at $81,332,075.58. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Vitalii Obishchenko sold 36,777 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the sale, the chief operating officer now directly owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. This trade represents a 3.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,406 shares of company stock worth $1,722,014 over the last three months. 57.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SEMR. KeyCorp lowered their price objective on shares of Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group decreased their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.43.

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.