Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin Sells 11,662 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 11,662 shares of Semrush stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.15, for a total value of $130,031.30. Following the transaction, the president now directly owns 686,268 shares in the company, valued at $7,651,888.20. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Eugenie Levin also recently made the following trade(s):

• On Monday, February 3rd, Eugenie Levin sold 15,093 shares of Semrush stock. The shares were sold at an average price of $17.11, for a total value of $258,241.23.
• On Tuesday, January 21st, Eugenie Levin sold 28,800 shares of Semrush stock. The shares were sold at an average price of $16.29, for a total value of $469,152.00.
• On Friday, January 17th, Eugenie Levin sold 43,200 shares of Semrush stock. The shares were sold at an average price of $15.39, for a total value of $664,848.00.
• On Tuesday, January 7th, Eugenie Levin sold 6,943 shares of Semrush stock. The shares were sold at an average price of $11.74, for a total value of $81,510.82.

Semrush Stock Performance

Shares of SEMR opened at $10.79 on Thursday. The stock has a 50 day moving average price of $14.92 and a two-hundred day moving average price of $14.12. The firm has a market capitalization of $1.58 billion, a P/E ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 52 week low of $10.15 and a 52 week high of $18.74.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Northland Capmk raised Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, Northland Securities began coverage on Semrush in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Semrush presently has an average rating of “Moderate Buy” and an average target price of $17.88.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted 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 worth $75,000 after buying an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Semrush by 3.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock valued at $299,000 after purchasing an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after purchasing an additional 912 shares during the last quarter. Magnetar Financial LLC lifted its stake in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock valued at $186,000 after purchasing an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after acquiring an additional 2,421 shares in the last quarter. 32.86% of the stock is owned by institutional investors.

About Semrush

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.