Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $51,245.48 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 3,757 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.64, for a total transaction of $51,245.48. Following the transaction, the president now owns 445,680 shares in the company, valued at $6,079,075.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eugenie Levin also recently made the following trade(s):

• On Wednesday, May 8th, Eugenie Levin sold 276,136 shares of Semrush stock. The stock was sold at an average price of $15.19, for a total transaction of $4,194,505.84.

Semrush Stock Up 0.3 %

NASDAQ:SEMR opened at $13.50 on Friday. The company has a market capitalization of $1.96 billion, a PE ratio of 149.56 and a beta of 1.59. Semrush Holdings, Inc. has a 52-week low of $7.36 and a 52-week high of $16.42. The stock has a fifty day simple moving average of $14.49 and a 200-day simple moving average of $13.06.

Semrush (NASDAQ:SEMR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. As a group, equities analysts anticipate that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SEMR. Russia Partners Management LLC acquired a new position in Semrush in the 4th quarter valued at about $122,715,000. G2 Investment Partners Management LLC acquired a new position in Semrush in the 4th quarter valued at about $10,597,000. Cat Rock Capital Management LP raised its stake in Semrush by 4.4% in the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after purchasing an additional 358,386 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in Semrush in the 1st quarter valued at about $2,705,000. Finally, Mutual of America Capital Management LLC acquired a new position in Semrush in the 4th quarter valued at about $1,167,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SEMR shares. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Thursday, May 16th. KeyCorp started coverage on Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.