Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $81,510.82 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of Semrush stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82. Following the completion of the transaction, the president now directly owns 580,549 shares in the company, valued at approximately $6,815,645.26. This represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Semrush Trading Down 2.0 %

SEMR traded down $0.23 on Friday, hitting $11.54. 422,849 shares of the stock traded hands, compared to its average volume of 545,341. The business has a fifty day moving average price of $13.14 and a two-hundred day moving average price of $13.56. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Semrush by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after purchasing an additional 3,244 shares during the period. Principal Financial Group Inc. bought a new stake in Semrush in the third quarter valued at $454,000. Virtu Financial LLC acquired a new position in Semrush during the third quarter worth $158,000. Barclays PLC lifted its holdings in shares of Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after acquiring an additional 54,830 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after purchasing an additional 36,173 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SEMR. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective 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 raised their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Semrush has a consensus rating of “Moderate Buy” and an average price target 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.