Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden Sells 3,993 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 3,993 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total value of $37,773.78. Following the transaction, the chief marketing officer now owns 400,999 shares of the company’s stock, valued at approximately $3,793,450.54. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 3rd, Andrew Warden sold 17,118 shares of Semrush stock. The stock was sold at an average price of $11.20, for a total value of $191,721.60.
• 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 traded down $0.53 during trading on Thursday, hitting $8.93. 598,366 shares of the stock were exchanged, compared to its average volume of 536,730. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 111.58 and a beta of 1.77. The firm’s 50-day moving average price is $13.47 and its 200 day moving average price is $13.57. Semrush Holdings, Inc. has a 12-month low of $8.73 and a 12-month high of $18.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. 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 worth $43,000 after acquiring an additional 3,446 shares in the last quarter. Quarry LP boosted its holdings in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank raised its holdings in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush during the 4th quarter worth approximately $86,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on SEMR. The Goldman Sachs Group lowered their price objective on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Jefferies Financial Group raised their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Finally, Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.14.

Semrush Company Profile

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.