Semrush Holdings, Inc. $SEMR Stake Boosted by AlphaQuest LLC

AlphaQuest LLC grew its stake in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 354.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,763 shares of the company’s stock after purchasing an additional 53,642 shares during the quarter. AlphaQuest LLC’s holdings in Semrush were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Semrush by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,218,495 shares of the company’s stock worth $48,689,000 after buying an additional 41,267 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Semrush by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 1,819,030 shares of the company’s stock valued at $16,972,000 after acquiring an additional 286,674 shares during the last quarter. Millennium Management LLC lifted its position in shares of Semrush by 4.9% during the 1st quarter. Millennium Management LLC now owns 1,306,684 shares of the company’s stock valued at $12,191,000 after acquiring an additional 60,575 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Semrush during the 1st quarter valued at $10,762,000. Finally, Next Century Growth Investors LLC boosted its position in shares of Semrush by 23.1% in the first quarter. Next Century Growth Investors LLC now owns 796,151 shares of the company’s stock worth $7,428,000 after buying an additional 149,445 shares during the period. 32.86% of the stock is owned by institutional investors.

Semrush Trading Up 1.5%

NASDAQ:SEMR opened at $7.80 on Tuesday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 97.45 and a beta of 1.60. The firm has a 50 day moving average of $7.51 and a 200-day moving average of $8.70. Semrush Holdings, Inc. has a 1 year low of $6.91 and a 1 year high of $18.74.

Insider Buying and Selling at Semrush

In related news, CMO Andrew Warden sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $7.77, for a total value of $54,390.00. Following the completion of the sale, the chief marketing officer owned 366,917 shares of the company’s stock, valued at $2,850,945.09. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 55.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Semrush

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.