Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $81,510.82 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of Semrush stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82. Following the sale, the president now owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This represents a 1.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Semrush Price Performance

NASDAQ:SEMR traded down $0.23 on Friday, hitting $11.54. 422,849 shares of the company’s stock were exchanged, compared to its average volume of 545,341. The company has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. The firm has a 50-day moving average price of $13.14 and a 200-day moving average price of $13.56. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42.

Institutional Trading of Semrush

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Wellington Management Group LLP increased its holdings in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after buying an additional 168,400 shares during the last quarter. State Street Corp lifted its stake in Semrush by 1.4% in the third quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after acquiring an additional 13,374 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Semrush by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares during the period. Institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

SEMR has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. KeyCorp increased their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.50.

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.