Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells 4,207 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CFO Brian Mulroy sold 4,207 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $8.61, for a total transaction of $36,222.27. Following the completion of the sale, the chief financial officer now directly owns 694,351 shares of the company's stock, valued at $5,978,362.11. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Brian Mulroy also recently made the following trade(s):

• On Monday, March 3rd, Brian Mulroy sold 22,547 shares of Semrush stock. The shares were sold at an average price of $11.20, for a total value of $252,526.40.

Semrush Stock Up 1.0 %

SEMR traded up $0.09 during trading on Friday, reaching $8.98. The stock had a trading volume of 434,137 shares, compared to its average volume of 544,543. The stock has a 50 day moving average of $11.21 and a two-hundred day moving average of $13.02. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 112.25 and a beta of 1.80. Semrush Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $18.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of 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 worth $43,000 after purchasing an additional 3,446 shares during the last quarter. Quarry LP lifted its position in shares of Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after acquiring an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush during the 4th quarter worth $71,000. Comerica Bank grew its holdings in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock worth $75,000 after acquiring an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Semrush during the fourth quarter worth $86,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SEMR shares. The Goldman Sachs Group reduced their price objective 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 cut their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $17.14.

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.