Semrush Holdings, Inc. (NASDAQ:SEMR) COO Sells $74,415.87 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 4,971 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total value of $74,415.87. Following the completion of the transaction, the chief operating officer now owns 843,952 shares of the company’s stock, valued at approximately $12,633,961.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vitalii Obishchenko also recently made the following trade(s):

• On Wednesday, September 11th, Vitalii Obishchenko sold 55,000 shares of Semrush stock. The stock was sold at an average price of $13.43, for a total value of $738,650.00.

Semrush Stock Up 0.1 %

Shares of SEMR stock opened at $13.71 on Wednesday. Semrush Holdings, Inc. has a 12 month low of $7.36 and a 12 month high of $16.42. The firm has a market cap of $1.99 billion, a PE ratio of 152.33 and a beta of 1.58. The company’s fifty day simple moving average is $13.98 and its 200-day simple moving average is $13.90.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, equities analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Semrush

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC purchased a new position in Semrush in the fourth quarter worth about $10,597,000. Jacobs Levy Equity Management Inc. purchased a new position in Semrush during the 1st quarter valued at $543,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Semrush in the 2nd quarter worth $3,006,000. Renaissance Technologies LLC bought a new position in shares of Semrush in the 2nd quarter worth $3,732,000. Finally, SG Americas Securities LLC acquired a new position in Semrush during the 2nd quarter valued at about $654,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SEMR. The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, October 2nd. 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 report on Wednesday, October 2nd. Finally, KeyCorp upped their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.57.

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.