Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Sells $80,318.89 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 6,859 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $11.71, for a total value of $80,318.89. Following the transaction, the chief executive officer now owns 7,301,214 shares in the company, valued at $85,497,215.94. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Semrush Price Performance

Shares of SEMR traded down $0.23 during midday trading on Friday, reaching $11.54. The stock had a trading volume of 422,849 shares, compared to its average volume of 545,341. The company’s fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $13.56. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42.

Institutional Trading of Semrush

A number of institutional investors have recently bought and sold shares of SEMR. JPMorgan Chase & Co. raised its position in shares of Semrush by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after acquiring an additional 3,244 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Semrush during the third quarter worth approximately $454,000. Virtu Financial LLC purchased a new stake in shares of Semrush during the 3rd quarter worth approximately $158,000. Barclays PLC boosted its holdings in shares of Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after buying an additional 54,830 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after buying an additional 36,173 shares during the last quarter. 32.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SEMR. The Goldman Sachs Group increased their price target on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. KeyCorp raised their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.50.

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.