Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $55,195.84 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 4,207 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $13.12, for a total value of $55,195.84. Following the sale, the chief financial officer now owns 433,211 shares in the company, valued at $5,683,728.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Price Performance

Shares of SEMR opened at $13.24 on Friday. The stock’s 50-day moving average is $13.93 and its two-hundred day moving average is $13.90. The stock has a market cap of $1.92 billion, a PE ratio of 147.06 and a beta of 1.58. Semrush Holdings, Inc. has a 12 month low of $7.36 and a 12 month high of $16.42.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, research analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after acquiring an additional 236,010 shares during the last quarter. Millennium Management LLC increased its position in shares of Semrush by 126.5% during the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock worth $3,942,000 after acquiring an additional 164,395 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Semrush during the second quarter worth about $3,732,000. Finally, Squarepoint Ops LLC increased its position in shares of Semrush by 33.0% during the second quarter. Squarepoint Ops LLC now owns 247,488 shares of the company’s stock worth $3,314,000 after acquiring an additional 61,456 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SEMR. JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.57.

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.