Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden Sells 8,462 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 8,462 shares of Semrush stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $99,090.02. Following the transaction, the chief marketing officer now owns 276,656 shares in the company, valued at approximately $3,239,641.76. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Semrush Price Performance

NASDAQ:SEMR opened at $11.54 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The business’s fifty day moving average price is $13.14 and its 200 day moving average price is $13.56. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC boosted its holdings in Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after purchasing an additional 99,021 shares in the last quarter. Barclays PLC boosted its holdings in shares of Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after buying an additional 54,830 shares in the last quarter. VELA Investment Management LLC purchased a new position in shares of Semrush in the 3rd quarter valued at $701,000. Renaissance Technologies LLC acquired a new stake in Semrush during the 2nd quarter worth $3,732,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Semrush in the second quarter valued at $3,006,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SEMR. The Goldman Sachs Group lifted their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, KeyCorp boosted their price objective on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.