Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $36,222.27 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $8.61, for a total transaction of $36,222.27. Following the transaction, the chief financial officer now owns 694,351 shares in the company, valued at $5,978,362.11. This represents a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brian Mulroy also recently made the following trade(s):

• On Monday, March 3rd, Brian Mulroy sold 22,547 shares of Semrush stock. The shares were sold at an average price of $11.20, for a total value of $252,526.40.

Semrush Trading Up 1.6 %

Shares of Semrush stock opened at $8.98 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of 112.20 and a beta of 1.80. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock has a 50-day moving average price of $11.76 and a 200 day moving average price of $13.14.

Institutional Trading of Semrush

Several institutional investors have recently made changes to their positions in SEMR. US Bancorp DE boosted its stake in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares during the period. Quarry LP grew its stake in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Semrush in the 4th quarter worth about $71,000. Comerica Bank raised its stake in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at approximately $86,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SEMR shares. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group lifted their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. 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. Finally, Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.14.

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.