Andrew Warden Sells 3,953 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 3,953 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total transaction of $58,227.69. Following the transaction, the chief marketing officer now directly owns 257,364 shares of the company’s stock, valued at $3,790,971.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Stock Down 5.1 %

Shares of Semrush stock opened at $13.70 on Tuesday. The company has a 50 day moving average price of $14.03 and a 200 day moving average price of $13.88. The firm has a market capitalization of $1.99 billion, a P/E ratio of 152.17 and a beta of 1.58. Semrush Holdings, Inc. has a 52 week low of $7.36 and a 52 week high of $16.42.

Semrush (NASDAQ:SEMR) last posted 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%. As a group, research analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SEMR. JPMorgan Chase & Co. increased their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday. KeyCorp boosted their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.57.

Institutional Trading of Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEMR. Cat Rock Capital Management LP raised its stake in shares of Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after purchasing an additional 358,386 shares during the last quarter. G2 Investment Partners Management LLC purchased a new position in Semrush during the 4th quarter worth approximately $10,597,000. Quadrature Capital Ltd acquired a new stake in Semrush during the 4th quarter valued at approximately $289,000. Silvercrest Asset Management Group LLC acquired a new stake in Semrush during the 1st quarter valued at approximately $2,705,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Semrush in the 1st quarter valued at $543,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.