Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Sells 9,563 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Oleg Shchegolev sold 9,563 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $90,274.72. Following the completion of the transaction, the chief technology officer now directly owns 7,402,719 shares in the company, valued at $69,881,667.36. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oleg Shchegolev also recently made the following trade(s):

• On Monday, March 3rd, Oleg Shchegolev sold 32,932 shares of Semrush stock. The stock was sold at an average price of $11.19, for a total value of $368,509.08.
• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89.

Semrush Stock Down 4.5 %

Shares of NASDAQ SEMR opened at $8.50 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of 106.26 and a beta of 1.80. Semrush Holdings, Inc. has a 52-week low of $8.24 and a 52-week high of $18.74. The business has a 50-day moving average price of $13.31 and a 200 day moving average price of $13.53.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Northland Securities initiated coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Finally, 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $18.14.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares during the period. Quarry LP raised its stake in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after purchasing an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Semrush in the 4th quarter valued at $71,000. Comerica Bank lifted its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush in the fourth quarter valued at about $86,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.