Semrush Holdings, Inc. (NASDAQ:SEMR) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,990 shares of the company’s stock after acquiring an additional 12,651 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Semrush worth $2,294,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Semrush during the second quarter worth $123,000. Summit Global Investments acquired a new stake in Semrush during the second quarter worth about $156,000. Olympiad Research LP bought a new position in Semrush in the third quarter worth about $159,000. Versor Investments LP bought a new position in shares of Semrush during the second quarter valued at approximately $174,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Semrush Stock Performance

Shares of SEMR opened at $13.90 on Tuesday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 173.77 and a beta of 1.62. The stock’s fifty day moving average is $13.90 and its 200-day moving average is $14.06. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42.

Insider Buying and Selling at Semrush

In other news, Director Mark Vranesh sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total transaction of $116,325.00. Following the transaction, the director now directly owns 113,731 shares in the company, valued at $1,763,967.81. The trade was a 6.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $13.12, for a total transaction of $55,195.84. Following the transaction, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. This represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,123 shares of company stock valued at $2,320,088. Company insiders own 57.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SEMR shares. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. KeyCorp upped their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.50.

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.