Brian Mulroy Sells 3,015 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 3,015 shares of Semrush stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $12.40, for a total value of $37,386.00. Following the completion of the sale, the chief financial officer now owns 430,196 shares in the company, valued at approximately $5,334,430.40. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Semrush Price Performance

Shares of SEMR traded up $1.08 during mid-day trading on Monday, reaching $12.58. The stock had a trading volume of 674,202 shares, compared to its average volume of 563,743. The business’s fifty day moving average is $13.14 and its 200 day moving average is $13.57. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 157.27 and a beta of 1.62.

Analyst Ratings Changes

A number of analysts have recently issued reports on SEMR shares. KeyCorp lifted their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $17.00 to $20.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Semrush by 19.4% in the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Wellington Management Group LLP raised its position in Semrush by 12.4% in the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after purchasing an additional 168,400 shares during the period. State Street Corp lifted its stake in shares of Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock valued at $14,994,000 after purchasing an additional 13,374 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Semrush by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.