Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev Sells 32,932 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 32,932 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $368,509.08. Following the completion of the sale, the chief executive officer now owns 7,268,282 shares in the company, valued at $81,332,075.58. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oleg Shchegolev also recently made the following trade(s):

• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89.

Semrush Trading Down 2.4 %

Shares of NASDAQ:SEMR opened at $10.79 on Thursday. Semrush Holdings, Inc. has a 12 month low of $10.15 and a 12 month high of $18.74. The stock has a market cap of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. The company has a 50 day moving average of $14.92 and a 200 day moving average of $14.12.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently modified their holdings of SEMR. Verition Fund Management LLC increased its position in shares of Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares during the last quarter. Barclays PLC raised its position in shares of Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after buying an additional 54,830 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Semrush during the 4th quarter worth $6,869,000. SG Americas Securities LLC grew its position in Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after acquiring an additional 43,027 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Semrush by 166.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock valued at $1,226,000 after acquiring an additional 64,514 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.88.

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.