Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 6,943 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.74, for a total transaction of $81,510.82. Following the transaction, the president now directly owns 580,549 shares of the company’s stock, valued at approximately $6,815,645.26. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Semrush Trading Down 2.0 %

Shares of NASDAQ SEMR 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 business’s fifty day simple moving average is $13.14 and its 200-day simple moving average is $13.56. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42.

Analyst Ratings Changes

A number of research firms recently weighed in on SEMR. The Goldman Sachs Group increased their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. Finally, KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after buying an additional 467,517 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Semrush during the 2nd quarter worth approximately $3,732,000. Federated Hermes Inc. increased its position in shares of Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Semrush in the 2nd quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Institutional investors and hedge funds 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.