Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko Sells 5,293 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 5,293 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.73, for a total value of $62,086.89. Following the completion of the sale, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at approximately $9,837,470.07. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Semrush Stock Down 2.0 %

Shares of NASDAQ SEMR traded down $0.23 on Friday, hitting $11.54. The company had a trading volume of 422,849 shares, compared to its average volume of 545,341. The firm has a market capitalization 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. The business has a 50 day moving average of $13.14 and a two-hundred day moving average of $13.56.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SEMR. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. The Goldman Sachs Group raised their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. upped their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp increased their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Semrush presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter valued at approximately $123,000. DRW Securities LLC bought a new position in Semrush during the 3rd quarter worth $157,000. Virtu Financial LLC bought a new position in Semrush in the 3rd quarter worth about $158,000. Olympiad Research LP bought a new position in Semrush in the 3rd quarter worth approximately $159,000. Finally, Quest Partners LLC increased its holdings in shares of Semrush by 398.0% during the third quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after purchasing an additional 11,851 shares during the period. 32.86% of the stock is 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.