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 the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value 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 $3,239,641.76. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Semrush Trading Down 2.0 %

Shares of SEMR opened at $11.54 on Friday. The stock’s 50 day moving average is $13.14 and its two-hundred day moving average is $13.56. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62.

Institutional Trading of Semrush

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SEMR shares. KeyCorp raised their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.