Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $116,325.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Mark Vranesh sold 7,500 shares of Semrush stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $15.51, for a total value of $116,325.00. Following the completion of the sale, the director now owns 113,731 shares in the company, valued at $1,763,967.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Semrush Stock Performance

Shares of SEMR opened at $14.43 on Friday. The stock has a market capitalization of $2.11 billion, a PE ratio of 160.33 and a beta of 1.58. The company’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $13.85. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SEMR. G2 Investment Partners Management LLC acquired a new position in shares of Semrush during the fourth quarter worth about $10,597,000. Cat Rock Capital Management LP raised its holdings in Semrush by 4.4% in the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after acquiring an additional 358,386 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Semrush in the second quarter worth approximately $3,732,000. Federated Hermes Inc. grew its holdings in Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Semrush in the 2nd quarter valued at approximately $3,006,000. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEMR. JPMorgan Chase & Co. raised their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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 report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.