Andrew Warden Sells 4,523 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $9.61, for a total value of $43,466.03. Following the completion of the transaction, the chief marketing officer now owns 85,572 shares of the company’s stock, valued at $822,346.92. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 Trading Down 2.0 %

Shares of NASDAQ SEMR opened at $11.54 on Friday. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The stock has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. The business’s fifty day simple moving average is $13.14 and its 200-day simple moving average is $13.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SEMR shares. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. KeyCorp boosted 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. JPMorgan Chase & Co. raised their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Semrush has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Semrush

Large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Semrush during the second quarter worth approximately $123,000. DRW Securities LLC purchased a new stake in shares of Semrush in the 3rd quarter valued at approximately $157,000. Virtu Financial LLC acquired a new stake in shares of Semrush in the 3rd quarter valued at $158,000. Olympiad Research LP acquired a new stake in shares of Semrush in the 3rd quarter valued at $159,000. Finally, Quest Partners LLC lifted its position in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after purchasing an additional 11,851 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.