Andrew Warden Sells 8,462 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 8,462 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $11.71, for a total value of $99,090.02. Following the completion of the transaction, the chief marketing officer now directly owns 276,656 shares of the company’s stock, valued at approximately $3,239,641.76. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Semrush Price Performance

NASDAQ:SEMR traded down $0.23 on Friday, hitting $11.54. 422,849 shares of the company’s stock were exchanged, compared to its average volume of 545,341. The firm has a 50-day moving average price of $13.14 and a 200-day moving average price of $13.56. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42. The company has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SEMR. KeyCorp boosted their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Institutional Trading of Semrush

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. bought a new stake in Semrush in the second quarter valued at approximately $123,000. DRW Securities LLC bought a new stake in Semrush in the 3rd quarter valued at $157,000. Virtu Financial LLC acquired a new stake in Semrush during the 3rd quarter valued at $158,000. Olympiad Research LP bought a new position in Semrush during the third quarter worth $159,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. 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.