Andrew Warden Sells 8,462 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 8,462 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02. Following the completion of the sale, the chief marketing officer now owns 276,656 shares of the company’s stock, valued at $3,239,641.76. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Semrush Price Performance

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

Institutional Trading of Semrush

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. The Goldman Sachs Group raised their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp lifted their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

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.