Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells $99,090.02 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 8,462 shares of Semrush stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02. Following the completion of the sale, the chief marketing officer now directly owns 276,656 shares of the company’s stock, valued at approximately $3,239,641.76. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Semrush Stock Down 2.0 %

SEMR stock opened at $11.54 on Friday. The business’s 50-day moving average price is $13.14 and its 200-day moving average price is $13.57. The stock has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42.

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter valued at $123,000. DRW Securities LLC purchased a new position in shares of Semrush in the third quarter valued at about $157,000. Virtu Financial LLC bought a new position in shares of Semrush in the third quarter worth about $158,000. Olympiad Research LP purchased a new stake in shares of Semrush during the third quarter worth about $159,000. Finally, The Manufacturers Life Insurance Company raised its stake in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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