Semrush (NASDAQ:SEMR) CMO Sells $2,322,001.60 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 196,115 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.84, for a total transaction of $2,322,001.60. Following the sale, the chief marketing officer owned 241,084 shares of the company’s stock, valued at approximately $2,854,434.56. This represents a 44.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Semrush Trading Up 0.0%

SEMR stock traded up $0.01 during midday trading on Wednesday, reaching $11.85. The company had a trading volume of 1,304,275 shares, compared to its average volume of 1,246,185. Semrush Holdings, Inc. has a 1 year low of $6.56 and a 1 year high of $18.74. The company has a market capitalization of $1.77 billion, a P/E ratio of 148.08 and a beta of 1.54. The company has a 50 day moving average of $8.67 and a two-hundred day moving average of $8.59.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SEMR shares. KeyCorp reaffirmed a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price target (up previously from $10.00) on shares of Semrush in a report on Thursday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Semrush in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Semrush has an average rating of “Hold” and an average price target of $12.00.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi raised its holdings in shares of Semrush by 29.3% in the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after buying an additional 1,108 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Semrush by 96.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock worth $50,000 after purchasing an additional 2,700 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Semrush during the 3rd quarter valued at about $41,000. Tower Research Capital LLC TRC boosted its position in Semrush by 56.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock valued at $57,000 after buying an additional 2,259 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Semrush in the second quarter valued at about $93,000. Institutional investors and hedge funds 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.