Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells $38,468.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 4,075 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total transaction of $38,468.00. Following the transaction, the president now owns 797,393 shares of the company’s stock, valued at approximately $7,527,389.92. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 3rd, Eugenie Levin sold 11,662 shares of Semrush stock. The stock was sold at an average price of $11.15, for a total value of $130,031.30.
• 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 value of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The stock was sold at an average price of $16.29, for a total value of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total transaction 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 transaction of $81,510.82.

Semrush Stock Performance

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

Institutional Investors Weigh In On Semrush

Several large investors have recently modified their holdings of the company. US Bancorp DE boosted its position in Semrush by 2,127.2% during the fourth 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 last quarter. Quarry LP boosted its position in shares of 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 purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Semrush during the fourth quarter worth approximately $71,000. Comerica Bank increased its holdings in Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in Semrush in the fourth quarter worth 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 weighed in on SEMR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Jefferies Financial Group lifted their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, 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 report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $18.14.

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.