Arizona State Retirement System Acquires Shares of 10,740 Semrush Holdings, Inc. (NASDAQ:SEMR)

Arizona State Retirement System acquired a new stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,740 shares of the company’s stock, valued at approximately $128,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after purchasing an additional 3,446 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Semrush during the 3rd quarter valued at $157,000. Virtu Financial LLC purchased a new stake in shares of Semrush during the 3rd quarter valued at $158,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Semrush during the 4th quarter valued at $135,000. Finally, Quest Partners LLC increased its position in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after purchasing an additional 11,851 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEMR has been the subject of several research analyst reports. Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Jefferies Financial Group lifted their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.71.

Semrush Price Performance

Shares of SEMR opened at $9.72 on Monday. The firm has a market cap of $1.43 billion, a P/E ratio of 121.45 and a beta of 1.77. Semrush Holdings, Inc. has a 1 year low of $9.21 and a 1 year high of $18.74. The stock has a 50 day simple moving average of $14.63 and a two-hundred day simple moving average of $13.93.

Insider Activity at Semrush

In other Semrush news, CMO Andrew Warden sold 17,118 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares of the company’s stock, valued at approximately $4,535,910.40. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David W. Mason sold 9,127 shares of Semrush stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the sale, the insider now directly owns 272,924 shares in the company, valued at $3,040,373.36. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 400,237 shares of company stock worth $5,101,508 over the last quarter. 57.83% of the stock is owned by corporate insiders.

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.