Andrew Warden Sells 17,118 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 17,118 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.20, for a total value of $191,721.60. Following the transaction, the chief marketing officer now directly owns 404,992 shares of the company’s stock, valued at $4,535,910.40. This trade represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total value of $99,090.02.

Semrush Price Performance

Shares of Semrush stock opened at $10.79 on Thursday. Semrush Holdings, Inc. has a one year low of $10.15 and a one year high of $18.74. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. The business has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $14.12.

Hedge Funds Weigh In On Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank boosted its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after buying an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Semrush by 3.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after purchasing an additional 912 shares during the last quarter. Magnetar Financial LLC lifted its stake in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock valued at $186,000 after purchasing an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Semrush by 11.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock valued at $274,000 after purchasing an additional 2,421 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

SEMR has been the topic of several research analyst reports. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

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.