Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $130,031.30 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 11,662 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.15, for a total value of $130,031.30. Following the transaction, the president now directly owns 686,268 shares of the company’s stock, valued at $7,651,888.20. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The stock was sold at an average price of $17.11, for a total transaction of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total transaction 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 Stock Performance

Shares of Semrush stock traded down $0.27 on Wednesday, reaching $10.79. 1,076,804 shares of the company’s stock were exchanged, compared to its average volume of 788,100. The firm’s 50-day moving average is $14.95 and its two-hundred day moving average is $14.15. The company has a market capitalization of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 52 week low of $10.15 and a 52 week high of $18.74.

Institutional Investors Weigh In On Semrush

A number of large investors have recently bought and sold shares of the stock. Comerica Bank grew 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 valued at $75,000 after buying an additional 801 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after acquiring an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after acquiring an additional 912 shares during the period. Magnetar Financial LLC increased its holdings in shares of Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock valued at $186,000 after acquiring an additional 933 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after purchasing an additional 2,421 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SEMR shares. Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. 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 on the stock. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk raised Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Semrush presently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

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.