Semrush Holdings, Inc. (NASDAQ:SEMR) Insider Sells $101,674.78 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the transaction, the insider now directly owns 272,924 shares in the company, valued at approximately $3,040,373.36. This represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Semrush Price Performance

SEMR stock opened at $10.35 on Friday. Semrush Holdings, Inc. has a 1-year low of $10.10 and a 1-year high of $18.74. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 129.33 and a beta of 1.77. The business has a 50 day simple moving average of $14.88 and a two-hundred day simple moving average of $14.10.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SEMR. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group boosted their price objective on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $18.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of Semrush during the 4th quarter valued at approximately $308,000. PharVision Advisers LLC bought a new position in shares of Semrush during the 4th quarter valued at approximately $213,000. Woodline Partners LP bought a new position in shares of Semrush during the 4th quarter valued at approximately $298,000. Vident Advisory LLC bought a new position in shares of Semrush during the 4th quarter valued at approximately $133,000. Finally, Two Sigma Advisers LP bought a new position in shares of Semrush during the 4th quarter valued at approximately $530,000. 32.86% of the stock is currently owned by institutional investors.

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.