Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Sells $1,148,228.31 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 89,079 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $12.89, for a total transaction of $1,148,228.31. Following the sale, the chief financial officer now owns 441,625 shares in the company, valued at approximately $5,692,546.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $11.84 on Thursday. The stock has a 50-day simple moving average of $12.29 and a 200-day simple moving average of $11.19. The stock has a market capitalization of $1.71 billion, a P/E ratio of 1,184.00 and a beta of 1.56. Semrush Holdings, Inc. has a 1 year low of $7.21 and a 1 year high of $14.09.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Semrush had a net margin of 0.31% and a return on equity of 0.46%. The firm had revenue of $83.39 million for the quarter, compared to analysts’ expectations of $83.19 million. Analysts predict that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Semrush

A number of institutional investors have recently added to or reduced their stakes in SEMR. JPMorgan Chase & Co. raised its position in Semrush by 30.8% in the first quarter. JPMorgan Chase & Co. now owns 319,225 shares of the company’s stock valued at $3,811,000 after purchasing an additional 75,085 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Semrush by 30.1% in the first quarter. Bank of New York Mellon Corp now owns 23,493 shares of the company’s stock valued at $281,000 after buying an additional 5,433 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Semrush by 43.0% during the 1st quarter. BlackRock Inc. now owns 345,138 shares of the company’s stock valued at $4,121,000 after buying an additional 103,700 shares during the period. Vanguard Group Inc. lifted its position in Semrush by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 2,208,224 shares of the company’s stock worth $26,366,000 after acquiring an additional 207,665 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Semrush by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,537,272 shares of the company’s stock worth $18,355,000 after acquiring an additional 4,150 shares during the period. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SEMR shares. The Goldman Sachs Group raised their price objective on Semrush from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Semrush in a report on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Semrush from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $15.00 in a report on Wednesday, February 7th. Piper Sandler lowered their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, KeyCorp assumed coverage on shares of Semrush in a research note on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

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.