Acadian Asset Management LLC Purchases 28,768 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR)

Acadian Asset Management LLC grew its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 330.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,461 shares of the company’s stock after acquiring an additional 28,768 shares during the period. Acadian Asset Management LLC’s holdings in Semrush were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SEMR. Russell Investments Group Ltd. raised its position in Semrush by 20.9% during the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after purchasing an additional 1,563 shares during the last quarter. Swiss National Bank raised its holdings in shares of Semrush by 8.1% during the fourth quarter. Swiss National Bank now owns 70,400 shares of the company’s stock valued at $962,000 after acquiring an additional 5,300 shares in the last quarter. Trexquant Investment LP purchased a new stake in Semrush in the fourth quarter worth $351,000. Cat Rock Capital Management LP boosted its holdings in Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after acquiring an additional 358,386 shares in the last quarter. Finally, G2 Investment Partners Management LLC purchased a new position in Semrush during the 4th quarter valued at $10,597,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, August 7th. KeyCorp raised their price objective on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

Insider Transactions at Semrush

In related news, CMO Andrew Warden sold 4,154 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.69, for a total transaction of $56,868.26. Following the completion of the transaction, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at approximately $3,577,429.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Vitalii Obishchenko sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total value of $738,650.00. Following the transaction, the chief operating officer now owns 848,923 shares in the company, valued at $11,401,035.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Andrew Warden sold 4,154 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $13.69, for a total transaction of $56,868.26. Following the sale, the chief marketing officer now owns 261,317 shares in the company, valued at approximately $3,577,429.73. The disclosure for this sale can be found here. Insiders have sold a total of 111,049 shares of company stock valued at $1,507,419 in the last ninety days. 57.83% of the stock is currently owned by corporate insiders.

Semrush Price Performance

NASDAQ:SEMR opened at $14.56 on Thursday. The firm’s 50-day moving average price is $13.78 and its 200-day moving average price is $13.55. The company has a market capitalization of $2.11 billion, a PE ratio of 161.78 and a beta of 1.57. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a return on equity of 6.61% and a net margin of 4.39%. The business had revenue of $90.95 million for the quarter, compared to the consensus estimate of $89.70 million. Equities analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

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.