Semrush Holdings, Inc. (NASDAQ:SEMR) Stake Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,825 shares of the company’s stock after acquiring an additional 5,381 shares during the quarter. Teacher Retirement System of Texas’ holdings in Semrush were worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Semrush by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock worth $61,505,000 after acquiring an additional 113,222 shares in the last quarter. Dorsey Asset Management LLC raised its holdings in Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock worth $26,831,000 after buying an additional 144,534 shares during the period. Millennium Management LLC raised its holdings in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock worth $14,804,000 after buying an additional 755,220 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after buying an additional 541,899 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Semrush by 17.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company’s stock worth $9,768,000 after buying an additional 123,709 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SEMR shares. KeyCorp cut their price objective on Semrush from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Morgan Stanley cut their price objective on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. One 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.43.

Insider Activity at Semrush

In other Semrush news, CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction of $208,600.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Andrew Warden sold 7,344 shares of Semrush stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $10.81, for a total value of $79,388.64. Following the transaction, the chief marketing officer directly owned 393,655 shares in the company, valued at approximately $4,255,410.55. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,561,250 shares of company stock worth $25,650,643. Company insiders own 55.61% of the company’s stock.

Semrush Price Performance

NASDAQ:SEMR opened at $8.93 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74. The stock’s 50-day moving average is $9.55 and its two-hundred day moving average is $11.35. The stock has a market cap of $1.32 billion, a PE ratio of 111.58 and a beta of 1.65.

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.