Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Sells $80,318.89 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $80,318.89. Following the completion of the transaction, the chief executive officer now directly owns 7,301,214 shares of the company’s stock, valued at $85,497,215.94. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semrush Stock Down 2.0 %

SEMR stock opened at $11.54 on Friday. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The company has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. The business’s fifty day moving average is $13.14 and its 200-day moving average is $13.56.

Analysts Set New Price Targets

SEMR has been the topic of a number of research reports. JPMorgan Chase & Co. upped 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. KeyCorp upped 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. 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Semrush currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Hedge Funds Weigh In On Semrush

Several hedge funds have recently added to or reduced their stakes in SEMR. Bank of New York Mellon Corp increased its stake in shares of Semrush by 28.6% in the 2nd 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 stake in Semrush by 29.7% in the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after purchasing an additional 11,202 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Semrush during the second quarter worth $258,000. Acadian Asset Management LLC grew its holdings in shares of Semrush by 330.9% in the 2nd 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 during the period. Finally, Federated Hermes Inc. increased its position in shares of Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.