Semrush Holdings, Inc. (NASDAQ:SEMR) Insider Sells $101,674.78 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of Semrush stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the transaction, the insider now owns 272,924 shares of the company’s stock, valued at $3,040,373.36. This trade represents a 3.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Semrush Trading Down 2.4 %

NASDAQ:SEMR opened at $10.79 on Thursday. The stock has a market capitalization of $1.58 billion, a PE ratio of 134.83 and a beta of 1.77. The firm’s 50 day moving average is $14.92 and its 200 day moving average is $14.12. Semrush Holdings, Inc. has a 12 month low of $10.15 and a 12 month high of $18.74.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp bought a new stake in shares of Semrush in the 4th quarter worth approximately $308,000. PharVision Advisers LLC bought a new stake in shares of Semrush in the 4th quarter worth approximately $213,000. Woodline Partners LP purchased a new position in Semrush in the 4th quarter valued at approximately $298,000. Vident Advisory LLC purchased a new position in Semrush in the 4th quarter valued at approximately $133,000. Finally, Two Sigma Advisers LP purchased a new position in Semrush in the 4th quarter valued at approximately $530,000. Institutional investors own 32.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SEMR. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. 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. Jefferies Financial Group lifted their target price 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 Securities assumed 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

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.