Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells 20,000 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Anna Baird sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $10.00, for a total value of $200,000.00. Following the sale, the director now directly owns 26,556 shares in the company, valued at approximately $265,560. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Semrush Stock Up 3.2%

Shares of Semrush stock traded up $0.32 during midday trading on Friday, hitting $10.43. The company had a trading volume of 354,758 shares, compared to its average volume of 570,716. The company has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $12.25. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 130.77 and a beta of 1.71. Semrush Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $18.74.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SEMR. The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Morgan Stanley lowered their target price on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, KeyCorp decreased their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.43.

Institutional Investors Weigh In On Semrush

Large investors have recently made changes to their positions in the stock. Signaturefd LLC acquired a new position in shares of Semrush in the first quarter valued at about $42,000. US Bancorp DE raised its position in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after buying an additional 3,446 shares during the last quarter. Amundi raised its position in Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company's stock worth $44,000 after buying an additional 1,108 shares during the last quarter. Quarry LP lifted its stake in 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 acquiring an additional 3,589 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Semrush in the 4th quarter valued at $71,000. 32.86% of the stock is owned by hedge funds and other 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.