Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells $99,090.02 in Stock

by · The Cerbat Gem

Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) CMO Andrew Warden sold 8,462 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction 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 approximately $3,239,641.76. The trade was a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Semrush Price Performance

Shares of SEMR stock traded down $0.23 on Friday, hitting $11.54. 422,849 shares of the company’s stock were exchanged, compared to its average volume of 545,341. The company has a 50 day moving average of $13.14 and a 200 day moving average of $13.56. The stock has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SEMR shares. JPMorgan Chase & Co. increased their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. The Goldman Sachs Group raised their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Semrush currently has an average rating of “Moderate Buy” and an average target price of $16.50.

Read Our Latest Report on SEMR

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SEMR. Verition Fund Management LLC lifted its stake in Semrush by 278.9% in the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after purchasing an additional 99,021 shares during the last quarter. Barclays PLC lifted its stake in shares of Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares during the last quarter. VELA Investment Management LLC acquired a new stake in shares of Semrush during the 3rd quarter valued at $701,000. Renaissance Technologies LLC bought a new stake in Semrush during the 2nd quarter worth $3,732,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Semrush in the 2nd quarter worth about $3,006,000. Institutional investors own 32.86% of the company’s stock.

About Semrush

(Get Free Report)

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.

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