Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) COO Sells 36,777 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 36,777 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total value of $411,534.63. Following the completion of the sale, the chief operating officer now owns 1,020,063 shares of the company’s stock, valued at $11,414,504.97. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vitalii Obishchenko also recently made the following trade(s):

• On Tuesday, January 7th, Vitalii Obishchenko sold 5,293 shares of Semrush stock. The shares were sold at an average price of $11.73, for a total value of $62,086.89.

Semrush Trading Down 2.4 %

Semrush stock traded down $0.27 during mid-day trading on Wednesday, hitting $10.79. 1,076,804 shares of the company’s stock were exchanged, compared to its average volume of 788,100. Semrush Holdings, Inc. has a 1-year low of $10.15 and a 1-year high of $18.74. The stock has a 50 day moving average of $14.95 and a two-hundred day moving average of $14.15. The stock has a market cap of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SEMR. US Bancorp DE grew its holdings in Semrush by 2,127.2% during the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after purchasing an additional 3,446 shares during the last quarter. Quarry LP boosted its holdings in shares of Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Semrush in the 4th quarter valued at $71,000. Comerica Bank raised its holdings in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in Semrush during the 4th quarter worth $86,000. 32.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SEMR. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley raised shares of Semrush from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Northland Securities started coverage on Semrush in a report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Semrush currently has an average rating of “Moderate Buy” and a consensus price target of $17.88.

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.