Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $252,526.40 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 22,547 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.20, for a total transaction of $252,526.40. Following the completion of the sale, the chief financial officer now owns 698,558 shares in the company, valued at $7,823,849.60. This represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Brian Mulroy also recently made the following trade(s):

• On Monday, January 13th, Brian Mulroy sold 3,015 shares of Semrush stock. The shares were sold at an average price of $12.40, for a total transaction of $37,386.00.

Semrush Stock Down 1.6 %

SEMR stock opened at $10.16 on Friday. Semrush Holdings, Inc. has a 52 week low of $9.73 and a 52 week high of $18.74. The firm has a 50 day moving average of $14.88 and a 200 day moving average of $14.10. The stock has a market capitalization of $1.49 billion, a PE ratio of 126.95 and a beta of 1.77.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently bought and sold shares of SEMR. US Bancorp DE lifted its stake in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after acquiring an additional 3,446 shares during the period. Quarry LP lifted its stake in Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after acquiring an additional 3,589 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Semrush during the 4th quarter valued at approximately $71,000. Comerica Bank lifted its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in Semrush during the 4th quarter valued at approximately $86,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SEMR shares. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Wednesday, January 15th. Jefferies Financial Group lifted their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Finally, Northland Securities initiated coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Semrush presently has a consensus rating of “Buy” and a consensus target price 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.