Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev Sells 32,932 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 32,932 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the sale, the chief executive officer now directly owns 7,268,282 shares in the company, valued at approximately $81,332,075.58. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oleg Shchegolev also recently made the following trade(s):

• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89.

Semrush Stock Performance

Shares of NASDAQ SEMR traded down $0.27 during mid-day trading on Wednesday, reaching $10.79. The company’s stock had a trading volume of 1,076,804 shares, compared to its average volume of 788,100. The stock has a market capitalization of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 1-year low of $10.15 and a 1-year high of $18.74. The stock has a 50-day moving average of $14.95 and a two-hundred day moving average of $14.15.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after buying an additional 801 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock valued at $299,000 after purchasing an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock worth $247,000 after purchasing an additional 912 shares during the last quarter. Magnetar Financial LLC raised its stake in Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after purchasing an additional 933 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in Semrush by 11.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after purchasing an additional 2,421 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEMR has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Securities assumed coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Semrush has an average rating of “Moderate Buy” and an average price target of $17.88.

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.