Brian Mulroy Sells 4,207 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 4,207 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $8.61, for a total value of $36,222.27. Following the completion of the sale, the chief financial officer now owns 694,351 shares of the company’s stock, valued at approximately $5,978,362.11. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

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

Semrush Price Performance

Shares of SEMR opened at $8.98 on Wednesday. The business’s fifty day moving average price is $11.76 and its 200 day moving average price is $13.14. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74. The stock has a market capitalization of $1.32 billion, a PE ratio of 112.20 and a beta of 1.80.

Hedge Funds Weigh In On Semrush

A number of large investors have recently bought and sold shares of SEMR. The Manufacturers Life Insurance Company boosted its position in Semrush by 30.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,845 shares of the company’s stock valued at $343,000 after purchasing an additional 5,068 shares during the period. State Street Corp increased its holdings in shares of Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after acquiring an additional 13,374 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Semrush in the 3rd quarter valued at about $608,000. Barclays PLC grew its position in Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after purchasing an additional 54,830 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after buying an additional 36,173 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

SEMR has been the topic of several analyst reports. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $17.00 to $20.00 in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group lowered their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Finally, Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.