Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $130,031.30 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 11,662 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.15, for a total value of $130,031.30. Following the sale, the president now directly owns 686,268 shares of the company’s stock, valued at approximately $7,651,888.20. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total transaction of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The stock was sold at an average price of $15.39, for a total value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Down 2.4 %

Shares of NASDAQ SEMR traded down $0.27 during mid-day trading on Wednesday, reaching $10.79. 1,076,804 shares of the company were exchanged, compared to its average volume of 788,100. The stock has a market capitalization of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. The company’s 50-day simple moving average is $14.95 and its 200-day simple moving average is $14.15. Semrush Holdings, Inc. has a twelve month low of $10.15 and a twelve month high of $18.74.

Analysts Set New Price Targets

SEMR has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Northland Securities began coverage on shares of Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Semrush

A number of large investors have recently made changes to their positions in SEMR. Vanguard Group Inc. grew its holdings in Semrush by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock valued at $61,505,000 after buying an additional 113,222 shares in the last quarter. FMR LLC boosted its position in shares of Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares during the period. Dorsey Asset Management LLC grew its stake in shares of Semrush by 6.8% in the fourth quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock valued at $26,831,000 after acquiring an additional 144,534 shares in the last quarter. Wellington Management Group LLP increased its position in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after acquiring an additional 168,400 shares during the period. Finally, Millennium Management LLC raised its stake in Semrush by 153.8% in the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock worth $14,804,000 after purchasing an additional 755,220 shares in the last quarter. Institutional investors own 32.86% of the company’s stock.

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.