Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $469,152.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $16.29, for a total value of $469,152.00. Following the transaction, the president now owns 508,549 shares of the company’s stock, valued at $8,284,263.21. This represents a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eugenie Levin also recently made the following trade(s):

• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Stock Up 1.5 %

Shares of Semrush stock opened at $16.45 on Friday. The business has a fifty day simple moving average of $13.46 and a 200-day simple moving average of $13.69. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.95. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 205.65 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million during the quarter, compared to analyst estimates of $96.49 million. During the same period in the previous year, the company posted $0.03 earnings per share. Analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SEMR shares. JPMorgan Chase & Co. boosted their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Finally, Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 purchasing an additional 168,400 shares in the last quarter. State Street Corp raised its holdings in Semrush by 1.4% during the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after buying an additional 13,374 shares during the period. Geode Capital Management LLC lifted its stake in Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after buying an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares during the period. Institutional investors own 32.86% of the company’s stock.

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.