Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy Sells 3,015 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $12.40, for a total value of $37,386.00. Following the sale, the chief financial officer now directly owns 430,196 shares of the company’s stock, valued at approximately $5,334,430.40. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Semrush Stock Performance

SEMR opened at $12.58 on Tuesday. The business’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $13.57. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The firm has a market capitalization of $1.85 billion, a PE ratio of 157.27 and a beta of 1.62.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEMR. KeyCorp increased their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $20.00 in a report on Monday. JPMorgan Chase & Co. increased their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Institutional Investors Weigh In On Semrush

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

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.