Vitalii Obishchenko Sells 5,293 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 5,293 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total value of $62,086.89. Following the sale, the chief operating officer now directly owns 838,659 shares of the company’s stock, valued at $9,837,470.07. This represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Semrush Stock Performance

NASDAQ:SEMR opened at $11.54 on Friday. The company’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $13.57. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The stock has a market capitalization of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62.

Institutional Investors Weigh In On Semrush

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in Semrush by 19.4% during the 3rd 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 in the last quarter. Wellington Management Group LLP increased 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 valued at $24,030,000 after acquiring an additional 168,400 shares in the last quarter. State Street Corp raised its position in shares of Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Geode Capital Management LLC boosted its stake in Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEMR has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. KeyCorp raised their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

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.