Semrush Holdings, Inc. (NASDAQ:SEMR) Insider David W. Mason Sells 9,127 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.14, for a total transaction of $101,674.78. Following the completion of the transaction, the insider now owns 272,924 shares in the company, valued at approximately $3,040,373.36. The trade was a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Semrush Stock Performance

Semrush stock traded down $0.27 during mid-day trading on Wednesday, hitting $10.79. The company’s stock had a trading volume of 1,076,804 shares, compared to its average volume of 788,100. The company has a 50 day moving average of $14.95 and a 200-day moving average of $14.15. Semrush Holdings, Inc. has a one year low of $10.15 and a one year high of $18.74. The stock has a market cap of $1.58 billion, a PE ratio of 134.83 and a beta of 1.77.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SEMR shares. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective for the company. 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 note on Monday, February 3rd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Finally, Morgan Stanley upgraded 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. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.88.

Hedge Funds Weigh In On Semrush

Institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after purchasing an additional 3,446 shares in the last quarter. 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Semrush in the 4th quarter worth approximately $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 acquiring an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Semrush during the fourth quarter valued at approximately $86,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.