ANTIPODES PARTNERS Ltd Acquires 383,529 Shares of Semrush Holdings, Inc. $SEMR

ANTIPODES PARTNERS Ltd increased its holdings in shares of Semrush Holdings, Inc. (NASDAQ:SEMR) by 898.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 426,215 shares of the company’s stock after purchasing an additional 383,529 shares during the period. ANTIPODES PARTNERS Ltd owned 0.29% of Semrush worth $3,858,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Semrush during the first quarter worth approximately $214,000. Teacher Retirement System of Texas boosted its holdings in shares of Semrush by 20.3% during the first quarter. Teacher Retirement System of Texas now owns 31,825 shares of the company’s stock worth $297,000 after acquiring an additional 5,381 shares during the period. Ceera Investments LLC boosted its holdings in shares of Semrush by 48.5% during the first quarter. Ceera Investments LLC now owns 243,605 shares of the company’s stock worth $2,273,000 after acquiring an additional 79,510 shares during the period. VELA Investment Management LLC boosted its holdings in shares of Semrush by 115.0% during the first quarter. VELA Investment Management LLC now owns 156,772 shares of the company’s stock worth $1,463,000 after acquiring an additional 83,858 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Semrush by 19.5% during the first quarter. Envestnet Asset Management Inc. now owns 61,218 shares of the company’s stock worth $571,000 after acquiring an additional 10,002 shares during the period. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling

In other Semrush news, CMO Andrew Warden sold 7,000 shares of the business’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 transaction of $54,390.00. Following the completion of the transaction, the chief marketing officer directly owned 366,917 shares in the company, valued at $2,850,945.09. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 55.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of research analyst reports. Morgan Stanley set a $9.00 price objective on Semrush and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. KeyCorp set a $12.00 price objective on Semrush and gave the stock an “overweight” rating in a report on Tuesday, August 5th. The Goldman Sachs Group reduced their price objective on Semrush from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Needham & Company LLC dropped their price target on shares of Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Semrush Price Performance

Shares of SEMR opened at $7.25 on Friday. Semrush Holdings, Inc. has a one year low of $6.91 and a one year high of $18.74. The company has a market cap of $1.08 billion, a P/E ratio of 90.57 and a beta of 1.60. The firm has a 50 day simple moving average of $7.48 and a two-hundred day simple moving average of $8.66.

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.