Teacher Retirement System of Texas Has $314,000 Stock Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Teacher Retirement System of Texas lifted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 60.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,444 shares of the company’s stock after purchasing an additional 10,001 shares during the quarter. Teacher Retirement System of Texas’ holdings in Semrush were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Semrush in the fourth quarter worth about $128,000. Stoneridge Investment Partners LLC bought a new stake in shares of Semrush during the 4th quarter worth about $135,000. Virtu Financial LLC acquired a new position in shares of Semrush during the 3rd quarter valued at about $158,000. Finally, Dakota Wealth Management acquired a new position in shares of Semrush during the 4th quarter valued at about $199,000. Institutional investors own 32.86% of the company’s stock.

Semrush Price Performance

NASDAQ:SEMR opened at $9.56 on Wednesday. Semrush Holdings, Inc. has a one year low of $9.07 and a one year high of $18.74. The company has a fifty day moving average price of $13.74 and a 200 day moving average price of $13.63. The stock has a market cap of $1.41 billion, a P/E ratio of 119.45 and a beta of 1.77.

Insider Transactions at Semrush

In other news, President Eugenie Levin sold 6,943 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $6,815,645.26. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Andrew Warden sold 8,462 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were 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. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,138 shares of company stock worth $3,257,549. 57.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEMR. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.14.

Semrush Company 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.