Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $252,526.40 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 22,547 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $252,526.40. Following the transaction, the chief financial officer now directly owns 698,558 shares in the company, valued at approximately $7,823,849.60. This represents a 3.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 13th, Brian Mulroy sold 3,015 shares of Semrush stock. The stock was sold at an average price of $12.40, for a total value of $37,386.00.

Semrush Stock Performance

Shares of SEMR stock traded down $0.27 on Wednesday, hitting $10.79. The stock had a trading volume of 1,076,804 shares, compared to its average volume of 788,100. The stock’s 50 day moving average is $14.95 and its 200-day moving average is $14.15. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 52-week low of $10.15 and a 52-week high of $18.74.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Two equities research 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 company’s stock. Based on data from MarketBeat.com, Semrush presently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC increased its position in shares of 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 acquiring an additional 99,021 shares during the last quarter. Barclays PLC grew its stake in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Semrush during the 4th quarter worth approximately $6,869,000. SG Americas Securities LLC raised its position in shares of Semrush by 329.4% in the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock valued at $666,000 after purchasing an additional 43,027 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Semrush by 166.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock valued at $1,226,000 after purchasing an additional 64,514 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.