Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells $56,868.26 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMRGet Free Report) CMO Andrew Warden sold 4,154 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.69, for a total transaction of $56,868.26. Following the sale, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at $3,577,429.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semrush Stock Down 0.3 %

Shares of NASDAQ SEMR traded down $0.04 during midday trading on Tuesday, reaching $13.47. 359,691 shares of the company were exchanged, compared to its average volume of 584,108. The stock’s 50-day moving average price is $14.42 and its 200-day moving average price is $13.06. The stock has a market cap of $1.96 billion, a P/E ratio of 149.67 and a beta of 1.59. Semrush Holdings, Inc. has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMRGet Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a net margin of 4.01% and a return on equity of 6.05%. On average, equities research analysts anticipate that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Thursday, May 16th. KeyCorp started coverage on shares of Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Semrush currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Read Our Latest Research Report on SEMR

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its holdings in shares of Semrush by 8.9% during the first quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock worth $2,729,000 after purchasing an additional 16,738 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Semrush during the first quarter worth $543,000. Silvercrest Asset Management Group LLC acquired a new position in shares of Semrush during the first quarter worth $2,705,000. Quadrature Capital Ltd acquired a new position in Semrush in the fourth quarter valued at $289,000. Finally, G2 Investment Partners Management LLC acquired a new position in Semrush in the fourth quarter valued at $10,597,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Semrush (NASDAQ:SEMR)

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