Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $37,386.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the transaction, the chief financial officer now directly owns 430,196 shares in the company, valued at $5,334,430.40. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semrush Price Performance

Shares of Semrush stock opened at $14.76 on Thursday. The stock has a market cap of $2.17 billion, a PE ratio of 184.52 and a beta of 1.62. The firm has a fifty day moving average price of $13.13 and a 200 day moving average price of $13.57. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SEMR. Point72 Asset Management L.P. acquired a new stake in shares of Semrush during the 2nd quarter worth approximately $123,000. DRW Securities LLC acquired a new stake in Semrush during the third quarter valued at $157,000. Virtu Financial LLC purchased a new position in Semrush in the third quarter valued at $158,000. Olympiad Research LP acquired a new position in shares of Semrush in the third quarter worth about $159,000. Finally, Quest Partners LLC boosted its stake in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after acquiring an additional 11,851 shares in the last quarter. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Northland Securities assumed coverage on Semrush in a research report on Tuesday. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.13.

Semrush Company Profile

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.