Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Insider Sells 9,127 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.14, for a total transaction of $101,674.78. Following the completion of the sale, the insider now directly owns 272,924 shares in the company, valued at $3,040,373.36. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Semrush Stock Performance

Shares of SEMR opened at $10.16 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.73 and a 1 year high of $18.74. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $14.10. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 126.95 and a beta of 1.77.

Hedge Funds Weigh In On Semrush

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its position in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Semrush by 3.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock worth $299,000 after purchasing an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Semrush by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock worth $247,000 after purchasing an additional 912 shares during the last quarter. Magnetar Financial LLC increased its position in Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after purchasing an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in 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 last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Northland Securities started coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $20.00 in a report on Monday, January 13th. Finally, Jefferies Financial Group upped their price objective on shares of Semrush from $17.00 to $21.00 and gave the company 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $18.71.

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.