Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells 3,993 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CMO Andrew Warden sold 3,993 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction of $37,773.78. Following the completion of the sale, the chief marketing officer now directly owns 400,999 shares of the company's stock, valued at approximately $3,793,450.54. The trade was a 0.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 transaction 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 transaction of $99,090.02.

Semrush Trading Down 1.0 %

SEMR stock traded down $0.09 during trading on Tuesday, reaching $8.35. 230,056 shares of the stock were exchanged, compared to its average volume of 536,794. The business has a 50 day moving average price of $13.16 and a 200-day moving average price of $13.47. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 105.20 and a beta of 1.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SEMR. Topline Capital Management LLC acquired a new position in shares of Semrush in the 4th quarter valued at $9,267,000. Millennium Management LLC raised its holdings in Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after buying an additional 755,220 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Semrush in the fourth quarter valued at about $6,869,000. Arrowstreet Capital Limited Partnership boosted its stake in Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after buying an additional 541,899 shares during the period. Finally, FMR LLC increased its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company's stock valued at $45,188,000 after acquiring an additional 467,517 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SEMR. The Goldman Sachs Group reduced their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Northland Securities initiated coverage on Semrush in a report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price objective on the stock. Jefferies Financial Group increased their target price 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 Capmk raised shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.14.

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.