Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Oleg Shchegolev Sells 9,563 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Oleg Shchegolev sold 9,563 shares of Semrush stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total transaction of $90,274.72. Following the transaction, the chief technology officer now directly owns 7,402,719 shares of the company’s stock, valued at $69,881,667.36. The trade was a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Oleg Shchegolev also recently made the following trade(s):

• On Monday, March 3rd, Oleg Shchegolev sold 32,932 shares of Semrush stock. The stock was sold at an average price of $11.19, for a total transaction of $368,509.08.
• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total value of $80,318.89.

Semrush Trading Down 4.5 %

SEMR opened at $8.50 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 106.26 and a beta of 1.80. Semrush Holdings, Inc. has a 12-month low of $8.24 and a 12-month high of $18.74. The firm has a 50 day moving average of $13.31 and a two-hundred day moving average of $13.53.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Jefferies Financial Group upped 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. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Finally, Northland Capmk upgraded Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.14.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP increased its holdings in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the fourth quarter worth about $71,000. Comerica Bank boosted its stake in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Semrush in the 4th quarter valued at about $86,000. 32.86% of the stock is owned by institutional investors and hedge funds.

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.