Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Sells 9,563 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CTO Oleg Shchegolev sold 9,563 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total transaction of $90,274.72. Following the sale, the chief technology officer now owns 7,402,719 shares of the company's stock, valued at approximately $69,881,667.36. The trade was a 0.13 % 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 hyperlink.

Oleg Shchegolev also recently made the following trade(s):

• On Monday, March 3rd, Oleg Shchegolev sold 32,932 shares of Semrush stock. The shares were sold at an average price of $11.19, for a total value of $368,509.08.
• 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 Stock Performance

Shares of NASDAQ SEMR traded up $0.88 during mid-day trading on Wednesday, hitting $9.17. 599,686 shares of the stock traded hands, compared to its average volume of 539,865. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 114.64 and a beta of 1.80. The stock has a fifty day moving average price of $12.46 and a 200-day moving average price of $13.32. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. The Goldman Sachs Group cut their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Morgan Stanley raised Semrush from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Finally, Northland Capmk upgraded Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. One research 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, Semrush presently has a consensus rating of "Buy" and a consensus price target of $18.14.

Institutional Trading of Semrush

A number of hedge funds have recently modified their holdings of the business. Verition Fund Management LLC boosted its position in shares of Semrush by 278.9% in the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company's stock worth $2,113,000 after purchasing an additional 99,021 shares in the last quarter. Barclays PLC boosted its holdings in Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company's stock worth $1,609,000 after acquiring an additional 54,830 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Semrush during the fourth quarter valued at $6,869,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company's stock valued at $1,226,000 after acquiring an additional 64,514 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Semrush by 329.4% in the 4th 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. Institutional investors 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.