Semrush Holdings, Inc. (NASDAQ:SEMR) Insider David W. Mason Sells 9,127 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) insider David W. Mason sold 9,127 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.14, for a total value of $101,674.78. Following the sale, the insider now owns 272,924 shares of the company’s stock, valued at $3,040,373.36. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Semrush Trading Down 2.4 %

Shares of Semrush stock opened at $10.79 on Thursday. The business has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $14.12. Semrush Holdings, Inc. has a 1-year low of $10.15 and a 1-year high of $18.74. The company has a market cap of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77.

Analyst Upgrades and Downgrades

SEMR has been the subject of a number of research reports. Jefferies Financial Group increased their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk upgraded Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Northland Securities initiated coverage on Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.88.

Institutional Trading of Semrush

A number of large investors have recently bought and sold shares of SEMR. US Bancorp DE grew its holdings in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after acquiring an additional 3,446 shares during the period. Quarry LP grew its stake in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after buying an additional 3,589 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the 4th quarter valued at about $71,000. Comerica Bank grew its stake in shares of Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after buying an additional 801 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Semrush in the 4th quarter valued at about $86,000. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.