Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel Sells 1,875 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,875 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.15, for a total transaction of $32,156.25. Following the completion of the sale, the general counsel now directly owns 158,415 shares in the company, valued at approximately $2,716,817.25. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Semrush Price Performance

Shares of NASDAQ:SEMR opened at $17.89 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $18.24. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 218.00 and a beta of 1.69. The company’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $13.91.

Semrush (NASDAQ:SEMR) last issued its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The company had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same quarter in the prior year, the business earned $0.03 EPS. As a group, analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of research reports. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.88.

Institutional Trading of Semrush

A number of hedge funds have recently added to or reduced their stakes in SEMR. Allspring Global Investments Holdings LLC acquired a new stake in Semrush in the fourth quarter valued at approximately $6,869,000. FMR LLC boosted its position in Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after purchasing an additional 168,400 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock worth $3,942,000 after purchasing an additional 164,395 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.