Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko Sells 5,293 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 5,293 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the completion of the sale, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at approximately $9,837,470.07. The trade was a 0.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Semrush Price Performance

SEMR opened at $11.54 on Friday. The company’s 50 day simple moving average is $13.14 and its two-hundred day simple moving average is $13.56. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the 2nd quarter worth $123,000. DRW Securities LLC acquired a new stake in Semrush during the third quarter worth about $157,000. Virtu Financial LLC purchased a new position in Semrush during the third quarter worth about $158,000. Olympiad Research LP acquired a new position in Semrush in the 3rd quarter valued at about $159,000. Finally, Quest Partners LLC grew its stake in shares of Semrush by 398.0% in the 3rd 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 period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.