Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 6,943 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 6,943 shares of Semrush stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.74, for a total transaction of $81,510.82. Following the completion of the sale, the president now directly owns 580,549 shares in the company, valued at $6,815,645.26. This represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Semrush Price Performance

SEMR stock opened at $11.54 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The business has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $13.57.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SEMR shares. KeyCorp lifted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. Finally, The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Institutional Trading of Semrush

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Semrush by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. acquired a new position in Semrush in the 2nd quarter valued at about $123,000. DRW Securities LLC purchased a new stake in shares of Semrush in the 3rd quarter valued at approximately $157,000. Finally, Virtu Financial LLC acquired a new stake in shares of Semrush during the 3rd quarter worth approximately $158,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.