Semrush (NASDAQ:SEMR) CFO Brian Mulroy Sells 100,078 Shares

by · The Markets Daily

Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) CFO Brian Mulroy sold 100,078 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $11.86, for a total transaction of $1,186,925.08. Following the completion of the sale, the chief financial officer directly owned 1,019,517 shares of the company’s stock, valued at $12,091,471.62. The trade was a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Semrush Trading Down 0.0%

Shares of SEMR traded down $0.01 during midday trading on Wednesday, hitting $11.86. 1,801,190 shares of the company’s stock traded hands, compared to its average volume of 1,247,534. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 148.21 and a beta of 1.55. Semrush Holdings, Inc. has a 1 year low of $6.56 and a 1 year high of $18.74. The firm’s fifty day moving average is $9.13 and its 200-day moving average is $8.66.

Analyst Upgrades and Downgrades

SEMR has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price (up previously from $10.00) on shares of Semrush in a research note on Thursday, November 20th. Needham & Company LLC reissued a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. Finally, KeyCorp restated a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.

Get Our Latest Report on SEMR

Institutional Trading of Semrush

Institutional investors have recently added to or reduced their stakes in the stock. Amundi lifted its holdings in Semrush by 29.3% in the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after purchasing an additional 1,108 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Semrush by 2.4% in the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company’s stock valued at $507,000 after acquiring an additional 1,268 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Semrush by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,082 shares of the company’s stock worth $206,000 after acquiring an additional 1,310 shares in the last quarter. Petrus Trust Company LTA increased its holdings in Semrush by 4.6% during the first quarter. Petrus Trust Company LTA now owns 31,043 shares of the company’s stock worth $290,000 after buying an additional 1,368 shares during the last quarter. Finally, Algert Global LLC grew its stake in Semrush by 1.2% in the 1st quarter. Algert Global LLC now owns 149,481 shares of the company’s stock valued at $1,395,000 after buying an additional 1,840 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Semrush Company Profile

(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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