Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden Sells 4,523 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $9.61, for a total value of $43,466.03. Following the transaction, the chief marketing officer now directly owns 85,572 shares of the company’s stock, valued at $822,346.92. The trade was a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total value of $99,090.02.

Semrush Price Performance

Shares of Semrush stock opened at $11.54 on Friday. The business has a 50-day moving average of $13.14 and a 200 day moving average of $13.56. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Wellington Management Group LLP raised its position in Semrush by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after purchasing an additional 168,400 shares in the last quarter. State Street Corp raised its position in Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,374 shares in the last quarter. Geode Capital Management LLC raised its position in Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.