Anna Baird Sells 20,000 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Anna Baird sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now directly owns 26,556 shares of the company's stock, valued at approximately $265,560. This represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Semrush Price Performance

Shares of SEMR stock traded up $0.26 during trading hours on Friday, reaching $10.37. The stock had a trading volume of 1,131,678 shares, compared to its average volume of 574,506. Semrush Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $18.74. The firm has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $12.19. The firm has a market capitalization of $1.54 billion, a PE ratio of 129.58 and a beta of 1.71.

Wall Street Analyst Weigh In

SEMR has been the subject of several research reports. Morgan Stanley decreased their price objective 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. The Goldman Sachs Group decreased their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, KeyCorp reduced their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $16.43.

Hedge Funds Weigh In On Semrush

Several large investors have recently bought and sold shares of SEMR. Nuveen LLC acquired a new position in Semrush during the 1st quarter valued at about $10,762,000. Topline Capital Management LLC acquired a new position in Semrush during the 4th quarter valued at about $9,267,000. Millennium Management LLC increased its stake in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after buying an additional 755,220 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Semrush in the 4th quarter worth approximately $6,869,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock worth $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Institutional investors and hedge funds 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.