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

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

Semrush Trading Down 2.0 %

SEMR traded down $0.23 on Friday, hitting $11.54. The company had a trading volume of 422,849 shares, compared to its average volume of 545,341. The company’s fifty day moving average price is $13.14 and its 200 day moving average price is $13.56. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62.

Analyst Upgrades and Downgrades

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

Institutional Trading of Semrush

Several institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in Semrush during the 2nd quarter worth approximately $123,000. DRW Securities LLC acquired a new stake in shares of Semrush during the third quarter worth about $157,000. Virtu Financial LLC purchased a new stake in Semrush in the third quarter valued at approximately $158,000. Olympiad Research LP purchased a new stake in Semrush in the 3rd quarter valued at $159,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after buying an additional 3,706 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.