Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 43,200 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 43,200 shares of Semrush stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $15.39, for a total value of $664,848.00. Following the sale, the president now directly owns 537,349 shares of the company’s stock, valued at approximately $8,269,801.11. The trade was a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $81,510.82.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $16.48 on Wednesday. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.60. The company has a market capitalization of $2.42 billion, a PE ratio of 205.96 and a beta of 1.62. The company has a fifty day moving average of $13.30 and a 200-day moving average of $13.63.

Semrush (NASDAQ:SEMR) last posted its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $97.41 million during the quarter, compared to the consensus estimate of $96.49 million. Semrush had a net margin of 3.29% and a return on equity of 4.93%. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, equities analysts forecast that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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 price target on the stock. The Goldman Sachs Group raised their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.13.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC lifted its holdings in shares of Semrush by 278.9% during the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares during the period. Barclays PLC lifted its holdings in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after buying an additional 54,830 shares during the period. VELA Investment Management LLC bought a new stake in shares of Semrush in the 3rd quarter valued at about $701,000. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the second quarter valued at about $3,732,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Semrush during the second quarter worth about $3,006,000. 32.86% of the stock is owned by institutional investors.

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.