David W. Mason Sells 9,127 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the sale, the insider now directly owns 272,924 shares in the company, valued at approximately $3,040,373.36. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semrush Trading Down 3.7 %

NASDAQ SEMR opened at $10.35 on Friday. Semrush Holdings, Inc. has a 12 month low of $10.10 and a 12 month high of $18.74. The stock has a market cap of $1.52 billion, a P/E ratio of 129.33 and a beta of 1.77. The stock’s fifty day moving average price is $14.88 and its 200-day moving average price is $14.10.

Institutional Investors Weigh In On Semrush

Several institutional investors have recently modified their holdings of SEMR. Topline Capital Management LLC purchased a new stake in shares of Semrush during the fourth quarter valued at $9,267,000. Millennium Management LLC boosted its position in shares of Semrush by 153.8% during the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after buying an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Semrush during the fourth quarter valued at $6,869,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock valued at $11,696,000 after buying an additional 541,899 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their target price on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. 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. Finally, Northland Securities assumed coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Semrush presently has a consensus rating of “Buy” and an average price target of $18.71.

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.