Semrush Holdings, Inc. (NASDAQ:SEMR) COO Sells $411,534.63 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) COO Vitalii Obishchenko sold 36,777 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the completion of the transaction, the chief operating officer now directly owns 1,020,063 shares in the company, valued at $11,414,504.97. The trade was a 3.48 % decrease in their position. The transaction 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 stock was sold at an average price of $11.73, for a total value of $62,086.89.

Semrush Stock Performance

Shares of Semrush stock traded down $0.17 on Friday, hitting $10.16. 1,162,035 shares of the company's stock were exchanged, compared to its average volume of 803,060. The company has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $14.08. The stock has a market capitalization 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.

Hedge Funds Weigh In On Semrush

Several hedge funds have recently added to or reduced their stakes in SEMR. Verition Fund Management LLC increased its stake in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company's stock valued at $2,113,000 after purchasing an additional 99,021 shares in the last quarter. Barclays PLC increased its position in Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company's stock worth $1,609,000 after purchasing an additional 54,830 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Semrush during the fourth quarter worth about $6,869,000. Y Intercept Hong Kong Ltd increased its position in Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock worth $1,226,000 after purchasing an additional 64,514 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Semrush by 329.4% during the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company's stock worth $666,000 after purchasing an additional 43,027 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

SEMR has been the subject of several research reports. Northland Capmk upgraded Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an "outperform" rating and a $18.00 price target on the stock. Morgan Stanley raised shares of Semrush from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $17.00 to $20.00 in a research report on Monday, January 13th. 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Semrush has an average rating of "Buy" and a consensus target price of $18.71.

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.