Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Sells $128,439.09 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 9,451 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $13.59, for a total value of $128,439.09. Following the transaction, the chief executive officer now owns 4,387,787 shares in the company, valued at approximately $59,630,025.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Semrush Stock Performance

Semrush stock opened at $13.50 on Friday. The stock’s 50 day simple moving average is $14.49 and its two-hundred day simple moving average is $13.06. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 149.56 and a beta of 1.59. Semrush Holdings, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $85.81 million for the quarter, compared to analysts’ expectations of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. On average, analysts predict that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Institutional Trading of Semrush

A number of hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its position in shares of Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after purchasing an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after purchasing an additional 1,563 shares in the last quarter. Swiss National Bank boosted its position in shares of Semrush by 8.1% in the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after purchasing an additional 5,300 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock worth $175,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Semrush in the 4th quarter worth approximately $226,000. 32.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SEMR shares. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Semrush in a report on Thursday, May 16th. KeyCorp began coverage on Semrush in a report 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.