Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Sells $80,318.89 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89. Following the transaction, the chief executive officer now directly owns 7,301,214 shares in the company, valued at approximately $85,497,215.94. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Semrush Stock Performance

Shares of NASDAQ SEMR opened at $11.54 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The stock’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $13.57.

Analyst Ratings Changes

Several brokerages recently issued reports on SEMR. 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. The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a 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 $16.50.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Semrush by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after buying an additional 3,244 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after acquiring an additional 3,706 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Semrush during the 2nd quarter valued at $123,000. DRW Securities LLC acquired a new position in Semrush during the 3rd quarter worth $157,000. Finally, Virtu Financial LLC bought a new stake in shares of Semrush in the 3rd quarter worth about $158,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.