Semrush Holdings, Inc. $SEMR Shares Sold by Archon Capital Management LLC

Archon Capital Management LLC cut its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 75.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,371 shares of the company’s stock after selling 173,629 shares during the period. Archon Capital Management LLC’s holdings in Semrush were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SEMR. First Trust Advisors LP purchased a new position in shares of Semrush in the 2nd quarter valued at about $283,000. Invesco Ltd. boosted its holdings in Semrush by 22.1% in the second quarter. Invesco Ltd. now owns 18,922 shares of the company’s stock valued at $171,000 after purchasing an additional 3,424 shares in the last quarter. Quantbot Technologies LP increased its stake in Semrush by 76.9% in the second quarter. Quantbot Technologies LP now owns 122,148 shares of the company’s stock valued at $1,105,000 after purchasing an additional 53,117 shares during the last quarter. Norges Bank purchased a new position in Semrush in the second quarter valued at approximately $141,000. Finally, Hsbc Holdings PLC acquired a new stake in Semrush during the second quarter worth approximately $299,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on SEMR shares. KeyCorp restated a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Semrush in a research note on Thursday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Semrush has an average rating of “Hold” and an average price target of $12.00.

Semrush Stock Up 0.0%

SEMR opened at $11.85 on Friday. Semrush Holdings, Inc. has a 52 week low of $6.56 and a 52 week high of $18.74. The business has a 50 day moving average price of $8.39 and a two-hundred day moving average price of $8.57. The company has a market cap of $1.77 billion, a PE ratio of 148.08 and a beta of 1.55.

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.