Brian Mulroy Sells 22,547 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 22,547 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $252,526.40. Following the completion of the sale, the chief financial officer now directly owns 698,558 shares in the company, valued at approximately $7,823,849.60. This trade represents a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brian Mulroy also recently made the following trade(s):

• On Monday, January 13th, Brian Mulroy sold 3,015 shares of Semrush stock. The shares were sold at an average price of $12.40, for a total value of $37,386.00.

Semrush Stock Performance

SEMR opened at $10.35 on Friday. Semrush Holdings, Inc. has a one year low of $10.10 and a one year high of $18.74. The stock’s fifty day moving average is $14.88 and its 200-day moving average is $14.10. The company has a market capitalization of $1.52 billion, a PE ratio of 129.33 and a beta of 1.77.

Analyst Ratings Changes

Several brokerages have weighed in on SEMR. Northland Capmk raised Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Morgan Stanley raised 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 lifted their target price 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 reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, January 15th. Finally, Northland Securities started coverage on Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.71.

Institutional Trading of Semrush

A number of hedge funds and other institutional investors have recently modified their holdings of SEMR. US Bancorp DE raised its stake in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP grew its holdings in shares of Semrush by 504.8% in the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after acquiring an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the 4th quarter worth $71,000. Comerica Bank grew its holdings 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 acquiring an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Semrush in the 4th quarter worth $86,000. Institutional investors own 32.86% of the company’s stock.

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.