Quest Partners LLC Has $233,000 Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Quest Partners LLC boosted its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 398.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,829 shares of the company’s stock after purchasing an additional 11,851 shares during the quarter. Quest Partners LLC’s holdings in Semrush were worth $233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after acquiring an additional 3,706 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Semrush in the 2nd quarter valued at approximately $123,000. Olympiad Research LP bought a new stake in Semrush during the 3rd quarter worth approximately $159,000. Algert Global LLC raised its holdings in Semrush by 13.8% during the 2nd quarter. Algert Global LLC now owns 84,931 shares of the company’s stock worth $1,137,000 after buying an additional 10,282 shares during the period. Finally, SkyView Investment Advisors LLC lifted its stake in Semrush by 5.1% in the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after buying an additional 10,455 shares in the last quarter. Institutional investors own 32.86% of the company’s stock.

Semrush Stock Performance

NASDAQ:SEMR opened at $13.84 on Wednesday. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The company has a market cap of $2.03 billion, a P/E ratio of 173.02 and a beta of 1.62. The stock’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $14.06.

Insiders Place Their Bets

In related news, President Eugenie Levin sold 3,788 shares of Semrush stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total transaction of $53,486.56. Following the completion of the transaction, the president now owns 601,892 shares in the company, valued at approximately $8,498,715.04. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. This trade represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,123 shares of company stock valued at $2,320,088 in the last 90 days. 57.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SEMR has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. Finally, KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.