Semrush Holdings, Inc. (NASDAQ:SEMR) COO Sells $411,534.63 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 36,777 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the completion of the sale, the chief operating officer now owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vitalii Obishchenko also recently made the following trade(s):

• On Tuesday, January 7th, Vitalii Obishchenko sold 5,293 shares of Semrush stock. The shares were sold at an average price of $11.73, for a total transaction of $62,086.89.

Semrush Price Performance

SEMR stock opened at $10.79 on Thursday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. The company has a 50 day simple moving average of $14.92 and a 200 day simple moving average of $14.12. Semrush Holdings, Inc. has a 1 year low of $10.15 and a 1 year high of $18.74.

Wall Street Analyst Weigh In

SEMR has been the subject of several analyst reports. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its holdings in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Semrush by 3.4% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 increased its stake in shares of Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock valued at $186,000 after buying an additional 933 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Semrush by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after buying an additional 2,421 shares during the period. Institutional investors 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.