Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy Sells 22,547 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 22,547 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $252,526.40. Following the sale, the chief financial officer now owns 698,558 shares in the company, valued at $7,823,849.60. The trade was a 3.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 13th, Brian Mulroy sold 3,015 shares of Semrush stock. The stock was sold at an average price of $12.40, for a total value of $37,386.00.

Semrush Stock Performance

Semrush stock opened at $10.79 on Thursday. The stock’s 50 day simple moving average is $14.92 and its two-hundred day simple moving average is $14.12. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $18.74.

Institutional Trading of Semrush

Large investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in 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 acquiring an additional 3,446 shares in the last quarter. Quarry LP boosted its position in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush in the 4th quarter worth approximately $71,000. Comerica Bank boosted its position in shares of Semrush by 14.6% in 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 worth approximately $86,000. 32.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEMR has been the topic of several analyst reports. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.88.

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.