Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells 3,993 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 3,993 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction of $37,773.78. Following the completion of the sale, the chief marketing officer now directly owns 400,999 shares of the company’s stock, valued at $3,793,450.54. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, March 3rd, Andrew Warden sold 17,118 shares of Semrush stock. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60.
• 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 transaction of $99,090.02.

Semrush Price Performance

Shares of SEMR opened at $8.93 on Friday. The business’s 50 day simple moving average is $13.47 and its 200-day simple moving average is $13.57. Semrush Holdings, Inc. has a 1 year low of $8.65 and a 1 year high of $18.74. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 111.58 and a beta of 1.80.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Northland Securities began coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. Jefferies Financial Group upped their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Semrush currently has a consensus rating of “Buy” and an average price target of $18.14.

Institutional Investors Weigh In On Semrush

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares during the last quarter. Quarry LP grew its position in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after acquiring an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Semrush during the fourth quarter worth approximately $71,000. Comerica Bank raised its position in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at approximately $86,000. Hedge funds and other institutional investors 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.