Vitalii Obishchenko Sells 5,293 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 5,293 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89. Following the completion of the transaction, the chief operating officer now owns 838,659 shares in the company, valued at $9,837,470.07. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Semrush Stock Down 2.0 %

Shares of SEMR stock opened at $11.54 on Friday. The stock has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. The company’s fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $13.57. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42.

Analyst Ratings Changes

SEMR has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. KeyCorp upped their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after acquiring an additional 3,244 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Semrush by 28.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Semrush in the 2nd quarter worth approximately $123,000. DRW Securities LLC bought a new position in shares of Semrush during the 3rd quarter valued at approximately $157,000. Finally, Virtu Financial LLC purchased a new stake in Semrush during the 3rd quarter valued at $158,000. Hedge funds and other 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.