Los Angeles Capital Management LLC Acquires 29,534 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Los Angeles Capital Management LLC lifted its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 153.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,769 shares of the company’s stock after purchasing an additional 29,534 shares during the period. Los Angeles Capital Management LLC’s holdings in Semrush were worth $766,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Semrush during the first quarter valued at about $543,000. VELA Investment Management LLC bought a new position in Semrush during the 3rd quarter worth approximately $701,000. Cubist Systematic Strategies LLC purchased a new position in Semrush in the 2nd quarter worth approximately $3,006,000. Renaissance Technologies LLC bought a new stake in Semrush in the second quarter valued at approximately $3,732,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Semrush during the second quarter valued at approximately $654,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Insiders Place Their Bets

In other Semrush news, President Eugenie Levin sold 3,788 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $14.12, for a total value of $53,486.56. Following the completion of the transaction, the president now owns 601,892 shares in the company, valued at approximately $8,498,715.04. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $13.12, for a total transaction of $55,195.84. Following the completion of the sale, the chief financial officer now directly owns 433,211 shares in the company, valued at $5,683,728.32. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,123 shares of company stock worth $2,320,088 over the last three months. Company insiders own 57.83% of the company’s stock.

Analyst Upgrades and Downgrades

SEMR has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Semrush Trading Up 0.8 %

Shares of SEMR opened at $13.37 on Friday. Semrush Holdings, Inc. has a 1-year low of $9.12 and a 1-year high of $16.42. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 167.15 and a beta of 1.62. The firm’s 50-day moving average price is $13.82 and its 200-day moving average price is $14.02.

Semrush 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.