Rhumbline Advisers Purchases 2,314 Shares of Semrush Holdings, Inc. $SEMR

Rhumbline Advisers increased its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,889 shares of the company’s stock after acquiring an additional 2,314 shares during the period. Rhumbline Advisers’ holdings in Semrush were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC bought a new stake in Semrush during the 1st quarter worth approximately $42,000. Amundi increased its holdings in Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after acquiring an additional 1,108 shares during the period. Victory Capital Management Inc. bought a new stake in Semrush during the 1st quarter worth approximately $110,000. Arizona State Retirement System increased its holdings in Semrush by 15.6% during the 1st quarter. Arizona State Retirement System now owns 12,411 shares of the company’s stock worth $116,000 after acquiring an additional 1,671 shares during the period. Finally, Aigen Investment Management LP increased its holdings in Semrush by 15.7% during the 1st quarter. Aigen Investment Management LP now owns 13,007 shares of the company’s stock worth $121,000 after acquiring an additional 1,767 shares during the period. Institutional investors own 32.86% of the company’s stock.

Semrush Trading Down 1.8%

Shares of NASDAQ SEMR opened at $7.38 on Wednesday. Semrush Holdings, Inc. has a 12 month low of $7.01 and a 12 month high of $18.74. The firm has a market capitalization of $1.10 billion, a PE ratio of 92.22 and a beta of 1.64. The firm has a fifty day simple moving average of $8.07 and a two-hundred day simple moving average of $9.06.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEMR. Morgan Stanley set a $9.00 price target on shares of Semrush and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. The Goldman Sachs Group decreased their price target on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Needham & Company LLC decreased their price target on shares of Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Finally, KeyCorp set a $12.00 price target on shares of Semrush and gave the stock an “overweight” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Insider Activity

In related news, Director Mark Vranesh sold 5,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the director directly owned 116,693 shares in the company, valued at $1,166,930. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Andrew Warden sold 7,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,406 shares of company stock valued at $116,819. 55.61% 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.