Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $38,468.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 4,075 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $38,468.00. Following the transaction, the president now directly owns 797,393 shares in the company, valued at $7,527,389.92. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eugenie Levin also recently made the following trade(s):

• On Monday, March 3rd, Eugenie Levin sold 11,662 shares of Semrush stock. The stock was sold at an average price of $11.15, for a total value of $130,031.30.
• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The shares were sold at an average price of $17.11, for a total value of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The stock was sold at an average price of $16.29, for a total value of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total transaction of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Trading Down 4.5 %

Shares of Semrush stock opened at $8.50 on Friday. The business’s fifty day simple moving average is $13.31 and its 200 day simple moving average is $13.53. Semrush Holdings, Inc. has a 12 month low of $8.24 and a 12 month high of $18.74. The firm has a market capitalization of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings in Semrush by 18.4% during the fourth quarter. California State Teachers Retirement System now owns 34,587 shares of the company’s stock worth $411,000 after buying an additional 5,380 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Semrush during the 4th quarter valued at approximately $308,000. PharVision Advisers LLC purchased a new stake in shares of Semrush during the 4th quarter worth approximately $213,000. Woodline Partners LP bought a new stake in shares of Semrush in the 4th quarter worth approximately $298,000. Finally, Vident Advisory LLC purchased a new position in Semrush in the fourth quarter valued at approximately $133,000. 32.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SEMR shares. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Jefferies Financial Group upped their price target on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $20.00 in a research note on Monday, January 13th. One investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target 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.