Eugenie Levin Sells 11,662 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 11,662 shares of Semrush stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.15, for a total transaction of $130,031.30. Following the sale, the president now owns 686,268 shares of the company’s stock, valued at $7,651,888.20. The trade was a 1.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eugenie Levin also recently made the following trade(s):

• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The shares were sold at an average price of $17.11, for a total transaction of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total transaction of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total transaction of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82.

Semrush Stock Down 3.7 %

Shares of Semrush stock opened at $10.35 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of 129.33 and a beta of 1.77. Semrush Holdings, Inc. has a 52-week low of $10.10 and a 52-week high of $18.74. The firm’s 50 day moving average price is $14.88 and its 200-day moving average price is $14.10.

Wall Street Analyst Weigh In

A number of research analysts have commented on SEMR shares. Jefferies Financial Group raised their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Northland Securities started coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Semrush presently has a consensus rating of “Buy” and a consensus price target of $18.71.

Institutional Trading of Semrush

Large investors have recently bought and sold shares of the stock. Verition Fund Management LLC grew its position in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after purchasing an additional 99,021 shares during the last quarter. Barclays PLC grew its position in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after purchasing an additional 54,830 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Semrush during the 4th quarter worth approximately $6,869,000. SG Americas Securities LLC grew its position in Semrush by 329.4% during the 4th quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after purchasing an additional 43,027 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Semrush by 166.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after purchasing an additional 64,514 shares during the last quarter. Hedge funds and other institutional investors 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.