Teacher Retirement System of Texas Has $314,000 Holdings in Semrush Holdings, Inc. (NASDAQ:SEMR)

Teacher Retirement System of Texas raised its position in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 60.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,444 shares of the company’s stock after buying an additional 10,001 shares during the period. Teacher Retirement System of Texas’ holdings in Semrush were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd increased its stake in shares of Semrush by 902.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 23,681 shares of the company’s stock valued at $281,000 after buying an additional 21,319 shares in the last quarter. Swiss National Bank increased its position in Semrush by 22.1% in the 4th quarter. Swiss National Bank now owns 72,800 shares of the company’s stock valued at $865,000 after acquiring an additional 13,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Semrush by 26.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,277 shares of the company’s stock worth $2,189,000 after acquiring an additional 38,287 shares during the last quarter. Arizona State Retirement System acquired a new position in shares of Semrush during the fourth quarter worth approximately $128,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Semrush by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 305,765 shares of the company’s stock valued at $3,632,000 after purchasing an additional 4,360 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Oleg Shchegolev sold 32,932 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the transaction, the chief executive officer now owns 7,268,282 shares of the company’s stock, valued at $81,332,075.58. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David W. Mason sold 9,127 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.14, for a total value of $101,674.78. Following the sale, the insider now directly owns 272,924 shares in the company, valued at $3,040,373.36. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,138 shares of company stock worth $3,257,549. Insiders own 57.83% of the company’s stock.

Semrush Stock Up 2.4 %

Shares of Semrush stock opened at $9.56 on Wednesday. The business has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $13.63. The stock has a market cap of $1.41 billion, a PE ratio of 119.45 and a beta of 1.77. Semrush Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $18.74.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. 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. Finally, Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Semrush presently has an average rating of “Buy” and a consensus price target of $18.14.

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.