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

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

Semrush Trading Down 2.0 %

SEMR stock opened at $11.54 on Friday. The firm has a market cap of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42. The business’s 50 day moving average is $13.14 and its 200-day moving average is $13.56.

Institutional Trading of Semrush

Large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the 2nd quarter valued at $123,000. DRW Securities LLC bought a new position in Semrush during the 3rd quarter valued at about $157,000. Virtu Financial LLC acquired a new position in Semrush in the third quarter valued at about $158,000. Olympiad Research LP bought a new stake in Semrush during the third quarter worth about $159,000. Finally, Quest Partners LLC increased its holdings in shares of Semrush by 398.0% during the third quarter. Quest Partners LLC now owns 14,829 shares of the company’s stock worth $233,000 after buying an additional 11,851 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.