Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 6,943 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total value of $81,510.82. Following the sale, the president now owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semrush Stock Performance

NASDAQ SEMR opened at $11.54 on Friday. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42. The firm has a market cap of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The firm’s fifty day moving average is $13.14 and its two-hundred day moving average is $13.56.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEMR. FMR LLC grew its stake in shares of 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 during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Semrush during the second quarter worth $3,732,000. Federated Hermes Inc. grew its position in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Semrush in the 2nd quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP raised its position in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.