Vitalii Obishchenko Sells 5,293 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 5,293 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.73, for a total transaction of $62,086.89. Following the completion of the sale, the chief operating officer now owns 838,659 shares in the company, valued at approximately $9,837,470.07. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Semrush Trading Down 2.0 %

NASDAQ:SEMR opened at $11.54 on Friday. The stock has a fifty day moving average price of $13.14 and a 200 day moving average price of $13.56. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market cap of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62.

Hedge Funds Weigh In On Semrush

A number of institutional investors and hedge funds have recently made changes to their positions in SEMR. Point72 Asset Management L.P. acquired a new stake in Semrush in the second quarter valued at approximately $123,000. DRW Securities LLC acquired a new stake in shares of Semrush in the 3rd quarter valued at $157,000. Virtu Financial LLC purchased a new stake in shares of Semrush during the 3rd quarter worth $158,000. Olympiad Research LP acquired a new position in shares of Semrush during the third quarter worth $159,000. Finally, Quest Partners LLC increased its holdings in Semrush by 398.0% in the third quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after buying an additional 11,851 shares during the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.