Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Sells $43,466.03 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $9.61, for a total transaction of $43,466.03. Following the sale, the chief marketing officer now directly owns 85,572 shares in the company, valued at approximately $822,346.92. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $99,090.02.

Semrush Stock Performance

Shares of SEMR stock opened at $11.54 on Monday. The stock has a 50 day moving average price of $13.14 and a 200 day moving average price of $13.57. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The firm has a market capitalization of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. KeyCorp boosted 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. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.50.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Point72 Asset Management L.P. purchased a new position in Semrush in the 2nd quarter worth about $123,000. DRW Securities LLC purchased a new stake in Semrush in the 3rd quarter valued at about $157,000. Virtu Financial LLC bought a new position in Semrush in the 3rd quarter worth about $158,000. Olympiad Research LP purchased a new position in shares of Semrush during the third quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after acquiring an additional 3,706 shares in the last quarter. 32.86% of the stock is currently owned by 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.