Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 28,800 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 28,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $16.29, for a total value of $469,152.00. Following the transaction, the president now directly owns 508,549 shares in the company, valued at $8,284,263.21. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Trading Down 4.3 %

Shares of Semrush stock opened at $15.75 on Thursday. The company has a 50 day moving average of $13.34 and a 200-day moving average of $13.65. The company has a market cap of $2.31 billion, a PE ratio of 205.75 and a beta of 1.62. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.95.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). Semrush had a net margin of 3.29% and a return on equity of 4.93%. The business had revenue of $97.41 million during the quarter, compared to the consensus estimate of $96.49 million. During the same quarter in the previous year, the business posted $0.03 EPS. Research analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after buying an additional 467,517 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Semrush in the 2nd quarter worth about $3,732,000. Cubist Systematic Strategies LLC bought a new position in Semrush in the second quarter valued at about $3,006,000. Dimensional Fund Advisors LP boosted its stake in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after purchasing an additional 168,400 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SEMR has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.13.

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.