Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko Sells 36,777 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 36,777 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $411,534.63. Following the completion of the sale, the chief operating officer now owns 1,020,063 shares in the company, valued at $11,414,504.97. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vitalii Obishchenko also recently made the following trade(s):

• On Tuesday, January 7th, Vitalii Obishchenko sold 5,293 shares of Semrush stock. The stock was sold at an average price of $11.73, for a total transaction of $62,086.89.

Semrush Stock Performance

SEMR opened at $10.79 on Thursday. The firm has a market capitalization of $1.58 billion, a PE ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 52-week low of $10.15 and a 52-week high of $18.74. The business’s 50-day simple moving average is $14.92 and its 200 day simple moving average is $14.12.

Analyst Ratings Changes

SEMR has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group increased their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Semrush has an average rating of “Moderate Buy” and a consensus target price of $17.88.

Institutional Investors Weigh In On Semrush

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after acquiring an additional 3,446 shares during the last quarter. Quarry LP raised its holdings in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Semrush in the 4th quarter valued at about $71,000. Comerica Bank grew its holdings in Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in Semrush during the fourth quarter worth approximately $86,000. 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.