Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden Sells 4,523 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $9.61, for a total value of $43,466.03. Following the completion of the transaction, the chief marketing officer now directly owns 85,572 shares of the company’s stock, valued at approximately $822,346.92. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total value of $99,090.02.

Semrush Stock Down 2.0 %

Shares of SEMR opened at $11.54 on Friday. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. The stock’s 50-day moving average price is $13.14 and its 200-day moving average price is $13.56.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. 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 research note on Wednesday, October 2nd. Finally, KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Institutional Trading of Semrush

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of 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 buying an additional 3,244 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Semrush in the third quarter worth about $454,000. Virtu Financial LLC purchased a new stake in shares of Semrush in the third quarter worth about $158,000. Barclays PLC raised its holdings in Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after purchasing an additional 54,830 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares during the period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.