Semrush Holdings, Inc. $SEMR Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in Semrush Holdings, Inc. (NASDAQ:SEMR) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,186 shares of the company’s stock after selling 1,745 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Semrush were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC purchased a new position in shares of Semrush during the 1st quarter worth $42,000. Amundi grew its holdings in shares of Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after purchasing an additional 1,108 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Semrush during the 1st quarter worth $110,000. Arizona State Retirement System grew its holdings in shares of 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 purchasing an additional 1,671 shares during the period. Finally, Aigen Investment Management LP grew its holdings in shares of 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 purchasing an additional 1,767 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Stock Performance

Shares of NASDAQ SEMR opened at $7.06 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $18.74. The firm has a market capitalization of $1.05 billion, a PE ratio of 88.20 and a beta of 1.60. The stock’s 50-day simple moving average is $7.54 and its 200-day simple moving average is $8.83.

Insider Activity

In other news, Director Mark Vranesh sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the director owned 116,693 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CMO Andrew Warden sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total value of $54,390.00. Following the sale, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. This trade represents a 1.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,408 shares of company stock worth $114,457 in the last three months. Corporate insiders own 55.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $9.00 price target on Semrush and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. KeyCorp set a $12.00 price target on Semrush and gave the stock an “overweight” rating in a report on Tuesday, August 5th. Needham & Company LLC lowered their price target on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group lowered their price target on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.50.

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.