10,740 Shares in Semrush Holdings, Inc. (NASDAQ:SEMR) Bought by Arizona State Retirement System

Arizona State Retirement System acquired a new stake in Semrush Holdings, Inc. (NASDAQ:SEMR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,740 shares of the company’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Semrush by 12.4% in the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after purchasing an additional 168,400 shares during the last quarter. State Street Corp increased its holdings in shares of Semrush by 1.4% in the third quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Semrush in the fourth quarter valued at $6,869,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEMR. Jefferies Financial Group upped their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Northland Securities began coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Finally, Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.71.

Semrush Price Performance

Semrush stock opened at $9.72 on Monday. The business has a 50 day moving average of $14.63 and a 200-day moving average of $13.93. Semrush Holdings, Inc. has a 1 year low of $9.21 and a 1 year high of $18.74. The company has a market capitalization of $1.43 billion, a P/E ratio of 121.45 and a beta of 1.77.

Insider Activity

In other news, CMO Andrew Warden sold 8,462 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the transaction, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at $3,239,641.76. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Eugenie Levin sold 6,943 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82. Following the sale, the president now directly owns 580,549 shares of the company’s stock, valued at $6,815,645.26. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 400,237 shares of company stock valued at $5,101,508 over the last quarter. 57.83% of the stock is owned by company insiders.

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.