California State Teachers Retirement System Raises Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

California State Teachers Retirement System boosted its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 18.4% during the 4th quarter, Holdings Channel reports. The firm owned 34,587 shares of the company’s stock after acquiring an additional 5,380 shares during the quarter. California State Teachers Retirement System’s holdings in Semrush were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Semrush by 2,127.2% in 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 period. Quarry LP boosted its position in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the fourth quarter valued at $71,000. Comerica Bank raised its stake in Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after buying an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Semrush during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Trading Down 5.3%

Shares of Semrush stock opened at $9.65 on Thursday. The company has a fifty day moving average price of $9.83 and a 200 day moving average price of $12.13. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 120.58 and a beta of 1.71.

Insider Buying and Selling

In other Semrush news, CMO Andrew Warden sold 3,993 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total value of $37,773.78. Following the completion of the transaction, the chief marketing officer now directly owns 400,999 shares of the company’s stock, valued at $3,793,450.54. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Eugenie Levin sold 4,075 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total transaction of $38,468.00. Following the completion of the transaction, the president now directly owns 797,393 shares of the company’s stock, valued at approximately $7,527,389.92. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,583,087 shares of company stock valued at $25,854,230. Company insiders own 55.61% of the company’s stock.

Analyst Ratings Changes

SEMR has been the topic of a number of analyst reports. Morgan Stanley lowered 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. KeyCorp cut their price target on Semrush from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $16.43.

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.