Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $37,386.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the transaction, the chief financial officer now directly owns 430,196 shares in the company, valued at $5,334,430.40. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Semrush Trading Up 9.4 %

Shares of NASDAQ:SEMR opened at $12.58 on Tuesday. The firm has a 50 day moving average of $13.13 and a 200-day moving average of $13.57. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The stock has a market capitalization of $1.85 billion, a PE ratio of 157.27 and a beta of 1.62.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. KeyCorp boosted their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $20.00 in a report on Monday. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in Semrush by 28.6% in the second quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock valued at $1,403,000 after acquiring an additional 23,313 shares during the last quarter. Rhumbline Advisers increased its position in Semrush by 29.7% during the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after purchasing an additional 11,202 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Semrush in the 2nd quarter valued at approximately $258,000. Acadian Asset Management LLC boosted its position in Semrush by 330.9% in the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock valued at $499,000 after buying an additional 28,768 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after buying an additional 236,010 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.