Oleg Shchegolev Sells 9,563 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Oleg Shchegolev sold 9,563 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.44, for a total value of $90,274.72. Following the completion of the sale, the chief technology officer now directly owns 7,402,719 shares of the company’s stock, valued at approximately $69,881,667.36. This represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Oleg Shchegolev also recently made the following trade(s):

• On Monday, March 3rd, Oleg Shchegolev sold 32,932 shares of Semrush stock. The shares were sold at an average price of $11.19, for a total value of $368,509.08.
• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The shares were sold at an average price of $11.71, for a total transaction of $80,318.89.

Semrush Stock Performance

Shares of Semrush stock opened at $8.50 on Friday. Semrush Holdings, Inc. has a one year low of $8.24 and a one year high of $18.74. The company has a market cap of $1.25 billion, a PE ratio of 106.26 and a beta of 1.80. The business has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $13.53.

Analysts Set New Price Targets

SEMR has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of 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 report on Monday, January 13th. The Goldman Sachs Group cut their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, January 15th. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.14.

Institutional Trading of Semrush

Institutional investors have recently modified their holdings of the stock. Topline Capital Management LLC purchased a new stake in shares of Semrush in the 4th quarter valued at about $9,267,000. Millennium Management LLC lifted its stake in Semrush by 153.8% in the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after buying an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $6,869,000. Arrowstreet Capital Limited Partnership grew its position in shares of Semrush by 122.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company’s stock worth $11,696,000 after acquiring an additional 541,899 shares during the last quarter. Finally, FMR LLC grew its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares during the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.