Eugenie Levin Sells 6,943 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total value of $81,510.82. Following the completion of the sale, the president now directly owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This represents a 1.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Semrush Stock Performance

NASDAQ:SEMR opened at $11.54 on Friday. The firm’s fifty day moving average is $13.14 and its two-hundred day moving average is $13.57. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of SEMR. FMR LLC increased its holdings 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 purchasing an additional 467,517 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Semrush during the second quarter valued at $3,732,000. Federated Hermes Inc. increased its holdings in Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Semrush in the second quarter worth about $3,006,000. Finally, Dimensional Fund Advisors LP raised its position 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 acquiring an additional 218,488 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on SEMR. The Goldman Sachs Group lifted their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp lifted their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.