Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko Sells 36,777 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 36,777 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the transaction, the chief operating officer now directly owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. The trade was a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Vitalii Obishchenko also recently made the following trade(s):

• On Tuesday, January 7th, Vitalii Obishchenko sold 5,293 shares of Semrush stock. The shares were sold at an average price of $11.73, for a total transaction of $62,086.89.

Semrush Stock Performance

SEMR opened at $10.16 on Friday. The firm has a 50 day moving average price of $14.88 and a 200 day moving average price of $14.10. The company has a market cap of $1.49 billion, a PE ratio of 126.95 and a beta of 1.77. Semrush Holdings, Inc. has a 1 year low of $9.73 and a 1 year high of $18.74.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Morgan Stanley raised shares of 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. Jefferies Financial Group upped their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Northland Securities started coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.71.

Institutional Trading of Semrush

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Olympiad Research LP purchased a new position in Semrush in the 3rd quarter worth approximately $159,000. Principal Financial Group Inc. purchased a new position in Semrush in the 3rd quarter worth approximately $454,000. Los Angeles Capital Management LLC boosted its holdings in Semrush by 153.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 48,769 shares of the company’s stock worth $766,000 after acquiring an additional 29,534 shares during the period. GSA Capital Partners LLP purchased a new position in Semrush in the 3rd quarter worth approximately $1,060,000. Finally, Quest Partners LLC boosted its holdings in Semrush by 398.0% in the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after acquiring an additional 11,851 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.