Oleg Shchegolev Sells 6,859 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 6,859 shares of Semrush stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $80,318.89. Following the transaction, the chief executive officer now directly owns 7,301,214 shares of the company’s stock, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Stock Performance

Shares of SEMR opened at $11.54 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The stock has a fifty day moving average of $13.14 and a two-hundred day moving average of $13.57. The company has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. The Goldman Sachs Group upped their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. KeyCorp raised 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, JPMorgan Chase & Co. upped their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. 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, Semrush has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Hedge Funds Weigh In On Semrush

Several large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in Semrush in the 2nd quarter valued at about $123,000. DRW Securities LLC purchased a new stake in Semrush in the third quarter valued at approximately $157,000. Virtu Financial LLC acquired a new position in Semrush during the third quarter worth approximately $158,000. Olympiad Research LP purchased a new position in Semrush during the third quarter worth approximately $159,000. Finally, Quest Partners LLC grew its stake in shares of Semrush by 398.0% during the 3rd quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock valued at $233,000 after buying an additional 11,851 shares during the period. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.