Eugenie Levin Sells 4,075 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) President Eugenie Levin sold 4,075 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total transaction of $38,468.00. Following the completion of the sale, the president now directly owns 797,393 shares of the company's stock, valued at $7,527,389.92. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Eugenie Levin also recently made the following trade(s):

• On Monday, March 3rd, Eugenie Levin sold 11,662 shares of Semrush stock. The stock was sold at an average price of $11.15, for a total transaction of $130,031.30.
• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The shares were sold at an average price of $17.11, for a total value of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total value of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total transaction of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Stock Performance

Shares of Semrush stock traded down $0.07 during midday trading on Tuesday, hitting $8.36. The company had a trading volume of 230,056 shares, compared to its average volume of 536,794. The company has a 50 day moving average of $13.16 and a 200 day moving average of $13.47. The stock has a market capitalization of $1.23 billion, a P/E ratio of 105.20 and a beta of 1.80. Semrush Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $18.74.

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently added to or reduced their stakes in SEMR. US Bancorp DE increased its holdings 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 in the last quarter. Quarry LP increased its holdings in Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Semrush in the 4th quarter worth about $71,000. Comerica Bank lifted its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in shares of Semrush during the fourth quarter valued at approximately $86,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SEMR has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price for the company. Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $17.00 to $20.00 in a report on Monday, January 13th. The Goldman Sachs Group decreased their price objective on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, Jefferies Financial Group lifted their target price on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Semrush has a consensus rating of "Buy" and an average 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.