Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells $37,773.78 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 3,993 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.46, for a total transaction of $37,773.78. Following the transaction, the chief marketing officer now directly owns 400,999 shares of the company’s stock, valued at approximately $3,793,450.54. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 3rd, Andrew Warden sold 17,118 shares of Semrush stock. The shares were sold at an average price of $11.20, for a total transaction of $191,721.60.
• 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 Down 4.5 %

NASDAQ:SEMR opened at $8.50 on Friday. The business’s 50-day moving average price is $13.31 and its 200 day moving average price is $13.53. Semrush Holdings, Inc. has a 52-week low of $8.24 and a 52-week high of $18.74. The firm has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Hedge Funds Weigh In On Semrush

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock valued at $61,505,000 after purchasing an additional 113,222 shares during the last quarter. FMR LLC lifted its position in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Dorsey Asset Management LLC boosted its stake in shares of Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock worth $26,831,000 after acquiring an additional 144,534 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Semrush by 12.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after acquiring an additional 168,400 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Semrush by 153.8% during the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock worth $14,804,000 after purchasing an additional 755,220 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEMR. The Goldman Sachs Group reduced their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Jefferies Financial Group raised their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Northland Securities started 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.14.

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.