Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev Sells 32,932 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 32,932 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08. Following the sale, the chief executive officer now owns 7,268,282 shares of the company’s stock, valued at $81,332,075.58. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 7th, Oleg Shchegolev sold 6,859 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total transaction of $80,318.89.

Semrush Trading Down 2.4 %

NASDAQ SEMR opened at $10.79 on Thursday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. Semrush Holdings, Inc. has a 12 month low of $10.15 and a 12 month high of $18.74. The company’s 50 day moving average is $14.92 and its two-hundred day moving average is $14.12.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently made changes to their positions in the business. 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 valued at $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP boosted its holdings in shares of Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Semrush during the fourth quarter valued at about $71,000. Comerica Bank increased its holdings in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Semrush in the fourth quarter worth about $86,000. 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.