Insider Selling: SEMrush (NYSE:SEMR) CTO Sells $2,386,000.00 in Stock

SEMrush Holdings, Inc. (NYSE:SEMR) CTO Oleg Shchegolev sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $11.93, for a total transaction of $2,386,000.00. Following the completion of the sale, the chief technology officer directly owned 7,174,188 shares of the company’s stock, valued at approximately $85,588,062.84. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SEMrush Price Performance

SEMrush stock opened at $11.93 on Friday. SEMrush Holdings, Inc. has a 12-month low of $6.56 and a 12-month high of $11.95. The stock has a market capitalization of $1.78 billion, a PE ratio of -108.41 and a beta of 1.55. The firm has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $9.96.

SEMrush (NYSE:SEMR) last released its earnings results on Monday, March 2nd. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $117.66 million during the quarter. SEMrush had a negative return on equity of 3.19% and a negative net margin of 4.27%.

Hedge Funds Weigh In On SEMrush

A number of hedge funds have recently modified their holdings of SEMR. Amundi lifted its holdings in shares of SEMrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company’s stock valued at $44,000 after purchasing an additional 1,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in SEMrush by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,082 shares of the company’s stock worth $206,000 after purchasing an additional 1,310 shares in the last quarter. Swiss National Bank increased its stake in SEMrush by 2.2% in the 4th quarter. Swiss National Bank now owns 88,200 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,900 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in SEMrush by 10.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 22,845 shares of the company’s stock worth $272,000 after buying an additional 2,175 shares during the period. Finally, Polymer Capital Management US LLC lifted its stake in SEMrush by 17.8% during the third quarter. Polymer Capital Management US LLC now owns 14,927 shares of the company’s stock valued at $106,000 after buying an additional 2,255 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on SEMR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of SEMrush in a research note on Wednesday, November 19th. Northland Securities downgraded shares of SEMrush from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings restated a “sell (d)” rating on shares of SEMrush in a research report on Wednesday, January 21st. KeyCorp reaffirmed a “sector weight” rating on shares of SEMrush in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 target price (up from $10.00) on shares of SEMrush in a report on Thursday, November 20th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.80.

About SEMrush

SEMrush is a software-as-a-service (SaaS) provider specializing in online visibility management and digital marketing analytics. Its cloud-based platform offers tools for search engine optimization (SEO), pay-per-click (PPC) advertising research, content marketing, social media management, and competitive intelligence. By aggregating data across search engines, advertising networks, and social platforms, the company enables marketers to track keyword rankings, audit websites, analyze backlink profiles, and uncover competitor strategies.

The company’s flagship offering, the SEMrush toolkit, includes modules for keyword research, site auditing, position tracking, backlink analysis, and content optimization.