Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells 4,523 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $9.61, for a total value of $43,466.03. Following the sale, the chief marketing officer now owns 85,572 shares in the company, valued at approximately $822,346.92. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02.

Semrush Stock Performance

Shares of NASDAQ SEMR traded down $0.23 during mid-day trading on Friday, reaching $11.54. The company had a trading volume of 422,849 shares, compared to its average volume of 545,341. The stock has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The stock’s 50 day moving average is $13.14 and its 200-day moving average is $13.56.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Semrush in the 2nd quarter valued at $3,732,000. Federated Hermes Inc. raised its position in Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Semrush in the 2nd quarter worth approximately $3,006,000. Finally, Dimensional Fund Advisors LP raised its stake in Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after acquiring an additional 218,488 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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