Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel Sells $20,879.46 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,589 shares of Semrush stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.14, for a total value of $20,879.46. Following the completion of the sale, the general counsel now directly owns 160,290 shares in the company, valued at $2,106,210.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Semrush Price Performance

Shares of Semrush stock opened at $13.28 on Wednesday. The business has a 50 day moving average price of $13.79 and a 200 day moving average price of $13.95. The company has a market capitalization of $1.94 billion, a P/E ratio of 132.80 and a beta of 1.62. Semrush Holdings, Inc. has a 1 year low of $8.09 and a 1 year high of $16.42.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. As a group, research analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Semrush

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new stake in Semrush in the 2nd quarter valued at about $123,000. Olympiad Research LP acquired a new position in shares of Semrush during the 3rd quarter valued at about $159,000. Algert Global LLC boosted its position in shares of Semrush by 13.8% in the second quarter. Algert Global LLC now owns 84,931 shares of the company’s stock worth $1,137,000 after acquiring an additional 10,282 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Semrush by 5.1% in the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock valued at $2,896,000 after purchasing an additional 10,455 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Tuesday, October 29th. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

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.