Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells 4,207 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $8.61, for a total value of $36,222.27. Following the transaction, the chief financial officer now directly owns 694,351 shares in the company, valued at $5,978,362.11. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Brian Mulroy also recently made the following trade(s):

• On Monday, March 3rd, Brian Mulroy sold 22,547 shares of Semrush stock. The stock was sold at an average price of $11.20, for a total transaction of $252,526.40.

Semrush Price Performance

NASDAQ SEMR traded up $0.08 on Monday, hitting $8.92. The company had a trading volume of 520,549 shares, compared to its average volume of 542,264. The company has a market capitalization of $1.31 billion, a PE ratio of 111.51 and a beta of 1.80. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The company’s fifty day moving average price is $12.11 and its 200-day moving average price is $13.21.

Analyst Upgrades and Downgrades

Several analysts have commented on SEMR shares. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group cut their price target on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Finally, Northland Securities initiated coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $18.14.

Institutional Trading of Semrush

A number of hedge funds have recently bought and sold shares of SEMR. US Bancorp DE raised its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after buying an additional 3,446 shares during the period. Quarry LP raised its holdings in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after buying an additional 3,589 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Semrush in the 4th quarter valued at approximately $71,000. Comerica Bank boosted its position in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Semrush in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds 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.