Brian Mulroy Sells 3,015 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00. Following the completion of the sale, the chief financial officer now directly owns 430,196 shares of the company’s stock, valued at $5,334,430.40. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semrush Stock Up 5.2 %

NASDAQ:SEMR opened at $13.32 on Wednesday. The firm’s fifty day simple moving average is $13.13 and its 200 day simple moving average is $13.57. The stock has a market cap of $1.95 billion, a P/E ratio of 166.52 and a beta of 1.62. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $20.00 in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Northland Securities assumed coverage on shares of Semrush in a research report on Tuesday. They set an “outperform” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.13.

Institutional Investors Weigh In On Semrush

Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in Semrush in the second quarter worth about $123,000. DRW Securities LLC bought a new position in shares of Semrush in the 3rd quarter worth approximately $157,000. Virtu Financial LLC purchased a new position in shares of Semrush in the 3rd quarter valued at approximately $158,000. Olympiad Research LP bought a new stake in shares of Semrush during the third quarter valued at approximately $159,000. Finally, The Manufacturers Life Insurance Company grew its stake in Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.