Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy Sells 3,015 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the sale, the chief financial officer now owns 430,196 shares of the company’s stock, valued at $5,334,430.40. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Semrush Trading Up 9.4 %

NASDAQ:SEMR traded up $1.08 during mid-day trading on Monday, hitting $12.58. The stock had a trading volume of 674,202 shares, compared to its average volume of 563,743. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The company has a market capitalization of $1.85 billion, a PE ratio of 157.27 and a beta of 1.62. The stock has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $13.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $20.00 in a research note on Monday. Finally, The Goldman Sachs Group raised their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC increased its holdings in Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after buying an additional 99,021 shares during the last quarter. Barclays PLC boosted its position in shares of Semrush by 115.2% during the 3rd 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. VELA Investment Management LLC purchased a new position in shares of Semrush in the 3rd quarter valued at about $701,000. Renaissance Technologies LLC acquired a new stake in shares of Semrush during the 2nd quarter worth about $3,732,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Semrush during the second quarter worth approximately $3,006,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.