Andrew Warden Sells 4,523 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $9.61, for a total value of $43,466.03. Following the transaction, the chief marketing officer now directly owns 85,572 shares in the company, valued at approximately $822,346.92. The trade was a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total value of $99,090.02.

Semrush Stock Down 2.0 %

Shares of Semrush stock opened at $11.54 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The company’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $13.57.

Hedge Funds Weigh In On Semrush

A number of large investors have recently modified their holdings of SEMR. Bank of New York Mellon Corp boosted its stake in shares of Semrush by 28.6% in the second quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock valued at $1,403,000 after buying an additional 23,313 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Semrush by 29.7% during the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after purchasing an additional 11,202 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Semrush in the 2nd quarter valued at about $258,000. Acadian Asset Management LLC lifted its stake in shares of Semrush by 330.9% in the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after purchasing an additional 28,768 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after buying an additional 236,010 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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