Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason Sells 1,589 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) General Counsel David W. Mason sold 1,589 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $13.14, for a total value of $20,879.46. Following the completion of the transaction, the general counsel now directly owns 160,290 shares in the company, valued at $2,106,210.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Semrush Price Performance

Shares of NASDAQ:SEMR traded up $0.20 during trading hours on Tuesday, hitting $13.28. The company’s stock had a trading volume of 260,541 shares, compared to its average volume of 500,087. The firm’s fifty day moving average price is $13.79 and its 200 day moving average price is $13.95. Semrush Holdings, Inc. has a 52 week low of $8.09 and a 52 week high of $16.42. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 132.80 and a beta of 1.62.

Semrush (NASDAQ:SEMR) last posted its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, equities research analysts predict that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. KeyCorp lifted their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SEMR. Point72 Asset Management L.P. purchased a new position in Semrush in the second quarter valued at about $123,000. Summit Global Investments bought a new position in shares of Semrush during the 2nd quarter worth approximately $156,000. Olympiad Research LP purchased a new stake in Semrush during the third quarter valued at approximately $159,000. Versor Investments LP acquired a new stake in Semrush in the second quarter valued at approximately $174,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during 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.