Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Sells 6,859 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 6,859 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89. Following the completion of the sale, the chief executive officer now owns 7,301,214 shares of the company’s stock, valued at approximately $85,497,215.94. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Semrush Stock Performance

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

Hedge Funds Weigh In On Semrush

Several hedge funds have recently bought and sold shares of SEMR. JPMorgan Chase & Co. grew its holdings in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after purchasing an additional 3,244 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Semrush in the 3rd quarter worth about $454,000. Virtu Financial LLC acquired a new stake in Semrush in the 3rd quarter valued at about $158,000. Barclays PLC increased its holdings in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after acquiring an additional 36,173 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.