Los Angeles Capital Management LLC Has $736,000 Stock Holdings in Semrush Holdings, Inc. $SEMR

Los Angeles Capital Management LLC lowered its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 30.0% in the second quarter, Holdings Channel reports. The institutional investor owned 81,282 shares of the company’s stock after selling 34,846 shares during the period. Los Angeles Capital Management LLC’s holdings in Semrush were worth $736,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SEMR. Amundi grew its stake in shares of Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after acquiring an additional 1,108 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Semrush by 2.4% in the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company’s stock valued at $507,000 after purchasing an additional 1,268 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Semrush by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,082 shares of the company’s stock worth $206,000 after purchasing an additional 1,310 shares in the last quarter. Petrus Trust Company LTA grew its position in shares of Semrush by 4.6% during the 1st quarter. Petrus Trust Company LTA now owns 31,043 shares of the company’s stock worth $290,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Semrush by 15.6% during the first quarter. Arizona State Retirement System now owns 12,411 shares of the company’s stock worth $116,000 after purchasing an additional 1,671 shares during the period. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SEMR. KeyCorp set a $12.00 price target on Semrush and gave the company an “overweight” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $9.00 target price on Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Needham & Company LLC decreased their price target on Semrush from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Semrush Stock Performance

Semrush stock opened at $7.33 on Friday. Semrush Holdings, Inc. has a 52 week low of $6.56 and a 52 week high of $18.74. The stock has a market capitalization of $1.09 billion, a P/E ratio of 91.57 and a beta of 1.60. The stock has a fifty day moving average of $7.40 and a 200-day moving average of $8.54.

Insider Transactions at Semrush

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $7.77, for a total transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer owned 366,917 shares of the company’s stock, valued at approximately $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 55.61% of the stock is currently owned by corporate insiders.

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.