Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) COO Sells $738,650.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 55,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.43, for a total transaction of $738,650.00. Following the sale, the chief operating officer now owns 848,923 shares of the company’s stock, valued at $11,401,035.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 5th, Vitalii Obishchenko sold 4,740 shares of Semrush stock. The stock was sold at an average price of $13.63, for a total transaction of $64,606.20.

Semrush Price Performance

Shares of SEMR opened at $13.58 on Friday. The company has a 50-day simple moving average of $13.76 and a two-hundred day simple moving average of $13.52. The firm has a market capitalization of $1.97 billion, a PE ratio of 150.89 and a beta of 1.57. Semrush Holdings, Inc. has a one year low of $7.36 and a one year high of $16.42.

Semrush (NASDAQ:SEMR) last released its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. Analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently modified their holdings of the business. G2 Investment Partners Management LLC bought a new stake in Semrush during the fourth quarter worth about $10,597,000. Cat Rock Capital Management LP grew its stake in shares of Semrush by 4.4% in the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after buying an additional 358,386 shares during the last quarter. Renaissance Technologies LLC bought a new position in Semrush during the 2nd quarter valued at approximately $3,732,000. Federated Hermes Inc. raised its stake in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Semrush in the second quarter worth $3,006,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SEMR. KeyCorp increased their target price on shares of Semrush from $17.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.33.

About Semrush

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.