Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells 17,118 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 17,118 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $191,721.60. Following the sale, the chief marketing officer now directly owns 404,992 shares of the company’s stock, valued at approximately $4,535,910.40. This represents a 4.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total value of $99,090.02.

Semrush Stock Down 3.7 %

Shares of SEMR stock opened at $10.35 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $18.74. The stock has a market cap of $1.52 billion, a P/E ratio of 129.33 and a beta of 1.77. The business has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $14.10.

Analysts Set New Price Targets

Several research analysts have issued reports on SEMR shares. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Semrush has an average rating of “Buy” and an average price target of $18.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SEMR. Topline Capital Management LLC purchased a new position in shares of Semrush in the fourth quarter valued at $9,267,000. Millennium Management LLC increased its position in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock worth $14,804,000 after purchasing an additional 755,220 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Semrush during the 4th quarter worth about $6,869,000. Arrowstreet Capital Limited Partnership increased its position in Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after purchasing an additional 541,899 shares in the last quarter. Finally, FMR LLC increased its position in Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.