Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden Sells 4,154 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,154 shares of Semrush stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.69, for a total value of $56,868.26. Following the completion of the transaction, the chief marketing officer now owns 261,317 shares of the company’s stock, valued at approximately $3,577,429.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Semrush Stock Up 0.3 %

SEMR opened at $13.50 on Friday. The business has a fifty day moving average of $14.49 and a 200 day moving average of $13.06. Semrush Holdings, Inc. has a 52-week low of $7.36 and a 52-week high of $16.42. The stock has a market cap of $1.96 billion, a P/E ratio of 149.56 and a beta of 1.59.

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

Institutional Investors Weigh In On Semrush

Several hedge funds have recently made changes to their positions in the company. Russia Partners Management LLC purchased a new stake in shares of Semrush in the 4th quarter worth $122,715,000. Cat Rock Capital Management LP lifted its holdings in shares of Semrush by 4.4% in the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after buying an additional 358,386 shares during the period. G2 Investment Partners Management LLC purchased a new stake in shares of Semrush in the 4th quarter worth $10,597,000. SkyView Investment Advisors LLC lifted its holdings in shares of Semrush by 8.9% in the 1st quarter. SkyView Investment Advisors LLC now owns 205,827 shares of the company’s stock worth $2,729,000 after buying an additional 16,738 shares during the period. Finally, Silvercrest Asset Management Group LLC purchased a new stake in shares of Semrush in the 1st quarter worth $2,705,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Semrush in a report on Thursday, May 16th. KeyCorp assumed coverage on Semrush in a report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Semrush currently has an average 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.