VELA Investment Management LLC Sells 149,771 Shares of Semrush Holdings, Inc. $SEMR

VELA Investment Management LLC decreased its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 92.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,249 shares of the company’s stock after selling 149,771 shares during the quarter. VELA Investment Management LLC’s holdings in Semrush were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Semrush by 871.8% in the second quarter. Bank of America Corp DE now owns 940,144 shares of the company’s stock valued at $8,508,000 after acquiring an additional 843,406 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Semrush during the 2nd quarter worth approximately $6,926,000. ANTIPODES PARTNERS Ltd lifted its holdings in Semrush by 898.5% in the second quarter. ANTIPODES PARTNERS Ltd now owns 426,215 shares of the company’s stock valued at $3,858,000 after buying an additional 383,529 shares during the period. Goldman Sachs Group Inc. boosted its stake in Semrush by 129.2% in the first quarter. Goldman Sachs Group Inc. now owns 674,396 shares of the company’s stock valued at $6,292,000 after acquiring an additional 380,165 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Semrush by 99.1% during the 2nd quarter. AQR Capital Management LLC now owns 600,545 shares of the company’s stock worth $5,435,000 after acquiring an additional 298,907 shares during the period. Institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

Shares of Semrush stock opened at $11.91 on Thursday. Semrush Holdings, Inc. has a 1 year low of $6.56 and a 1 year high of $18.74. The company has a market capitalization of $1.78 billion, a P/E ratio of 148.83 and a beta of 1.55. The business has a 50-day moving average of $11.47 and a two-hundred day moving average of $9.12.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price target (up from $10.00) on shares of Semrush in a research report on Thursday, November 20th. KeyCorp restated a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Semrush in a research note on Wednesday, November 19th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.80.

Insider Activity at Semrush

In other Semrush news, CMO Andrew Warden sold 26,765 shares of Semrush stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.86, for a total value of $317,432.90. Following the transaction, the chief marketing officer owned 382,953 shares of the company’s stock, valued at approximately $4,541,822.58. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian Mulroy sold 100,078 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.86, for a total transaction of $1,186,925.08. Following the sale, the chief financial officer directly owned 1,019,517 shares of the company’s stock, valued at $12,091,471.62. This represents a 8.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,357 shares of company stock worth $3,843,008 over the last 90 days. Corporate insiders own 55.61% of the company’s stock.

Semrush Profile

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.