Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CEO Oleg Shchegolev sold 32,932 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.19, for a total transaction of $368,509.08. Following the completion of the sale, the chief executive officer now owns 7,268,282 shares in the company, valued at approximately $81,332,075.58. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Oleg Shchegolev also recently made the following trade(s):
- On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total value of $80,318.89.
Semrush Trading Down 1.6 %
NASDAQ:SEMR traded down $0.17 on Friday, hitting $10.16. 1,162,035 shares of the company's stock traded hands, compared to its average volume of 803,060. Semrush Holdings, Inc. has a 1 year low of $9.73 and a 1 year high of $18.74. The firm has a 50-day moving average price of $14.84 and a 200-day moving average price of $14.08. The company has a market cap of $1.49 billion, a PE ratio of 126.95 and a beta of 1.77.
Wall Street Analyst Weigh In
SEMR has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price objective on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC restated a "buy" rating and set a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley upgraded Semrush from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Securities initiated coverage on Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price objective on the stock. Finally, Northland Capmk upgraded Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $18.71.
Check Out Our Latest Report on Semrush
Institutional Investors Weigh In On Semrush
Several large investors have recently made changes to their positions in SEMR. US Bancorp DE grew its stake in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP grew its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush in the 4th quarter valued at approximately $71,000. Comerica Bank grew its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after buying an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Semrush in the 4th quarter valued at approximately $86,000. Institutional investors own 32.86% of the company's stock.
About Semrush
(
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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.
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