Semrush (NASDAQ:SEMR) Reaches New 1-Year Low on Insider Selling

Semrush Holdings, Inc. (NASDAQ:SEMR)’s stock price hit a new 52-week low during trading on Thursday following insider selling activity. The stock traded as low as $8.65 and last traded at $8.94, with a volume of 64049 shares changing hands. The stock had previously closed at $9.45.

Specifically, CMO Andrew Warden sold 3,993 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.46, for a total transaction of $37,773.78. Following the completion of the transaction, the chief marketing officer now owns 400,999 shares of the company’s stock, valued at $3,793,450.54. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Eugenie Levin sold 4,075 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.44, for a total value of $38,468.00. Following the completion of the sale, the president now directly owns 797,393 shares in the company, valued at approximately $7,527,389.92. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several brokerages have recently issued reports on SEMR. Jefferies Financial Group upped their target price on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group dropped their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Finally, Northland Securities started coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. One investment analyst has 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 MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $18.14.

Semrush Trading Down 4.5 %

The stock has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80. The company’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $13.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SEMR. US Bancorp DE increased its stake in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares in the last quarter. Quarry LP increased its position in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Semrush in the fourth quarter worth about $71,000. Comerica Bank raised its stake in Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in Semrush during the fourth quarter valued at approximately $86,000. 32.86% of the stock is currently owned by institutional investors.

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.