Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 11,662 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 11,662 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.15, for a total value of $130,031.30. Following the sale, the president now owns 686,268 shares in the company, valued at approximately $7,651,888.20. This represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The stock was 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 value 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 value 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 value of $81,510.82.

Semrush Stock Down 2.4 %

Shares of SEMR opened at $10.79 on Thursday. The company has a market capitalization of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. The firm has a 50 day moving average of $14.92 and a 200 day moving average of $14.12. Semrush Holdings, Inc. has a twelve month low of $10.15 and a twelve month high of $18.74.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Semrush

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock valued at $61,505,000 after acquiring an additional 113,222 shares in the last quarter. FMR LLC grew its position in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the period. Dorsey Asset Management LLC raised its stake in Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock valued at $26,831,000 after buying an additional 144,534 shares during the last quarter. Wellington Management Group LLP raised its stake in Semrush by 12.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after buying an additional 168,400 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after buying an additional 755,220 shares during the last quarter. 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.