Topline Capital Management LLC Reduces Stake in Semrush Holdings, Inc. $SEMR

Topline Capital Management LLC lessened its position in Semrush Holdings, Inc. (NASDAQ:SEMR) by 87.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,426 shares of the company’s stock after selling 680,658 shares during the quarter. Topline Capital Management LLC owned approximately 0.07% of Semrush worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SEMR. Signaturefd LLC purchased a new position in shares of Semrush in the 1st quarter valued at approximately $42,000. Quarry LP lifted its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares during the period. Comerica Bank lifted its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Semrush in the 4th quarter valued at approximately $86,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Semrush in the 1st quarter valued at approximately $110,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insider Transactions at Semrush

In related news, CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.43, for a total value of $208,600.00. Following the completion of the sale, the chief financial officer owned 907,385 shares of the company’s stock, valued at $9,464,025.55. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David W. Mason sold 7,500 shares of Semrush stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $10.03, for a total value of $75,225.00. Following the completion of the sale, the insider directly owned 261,702 shares of the company’s stock, valued at $2,624,871.06. The trade was a 2.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,906 shares of company stock worth $546,254. 55.61% of the stock is currently owned by insiders.

Semrush Price Performance

SEMR stock opened at $7.86 on Thursday. Semrush Holdings, Inc. has a 1-year low of $7.01 and a 1-year high of $18.74. The stock has a market capitalization of $1.17 billion, a P/E ratio of 98.20 and a beta of 1.65. The business has a fifty day moving average price of $8.59 and a 200-day moving average price of $10.06.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of analyst reports. Morgan Stanley set a $9.00 price objective on Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Needham & Company LLC reduced their price objective on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. KeyCorp set a $12.00 price objective on Semrush and gave the company an “overweight” rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group reduced their price objective on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Semrush Profile

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.