Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $50,000.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Mark Vranesh sold 5,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the sale, the director owned 116,693 shares of the company's stock, valued at approximately $1,166,930. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mark Vranesh also recently made the following trade(s):

• On Thursday, April 24th, Mark Vranesh sold 5,000 shares of Semrush stock. The stock was sold at an average price of $10.00, for a total value of $50,000.00.

Semrush Stock Up 1.9%

SEMR traded up $0.19 during trading on Friday, reaching $9.77. The company's stock had a trading volume of 412,648 shares, compared to its average volume of 770,829. The firm has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $11.29. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 122.08 and a beta of 1.65.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SEMR. The Goldman Sachs Group dropped their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Morgan Stanley dropped their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp dropped their target price on Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $16.43.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SEMR. Comerica Bank raised its position in shares of Semrush by 14.6% during the 4th quarter. Comerica Bank now owns 6,304 shares of the company's stock valued at $75,000 after buying an additional 801 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Semrush by 3.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after buying an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Semrush by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock valued at $247,000 after buying an additional 912 shares during the period. Amundi raised its position in shares of Semrush by 29.3% during the 1st quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after buying an additional 1,108 shares during the period. Finally, Martingale Asset Management L P raised its position in shares of Semrush by 2.4% during the 1st quarter. Martingale Asset Management L P now owns 54,352 shares of the company's stock valued at $507,000 after buying an additional 1,268 shares during the period. 32.86% of the stock is owned by hedge funds and other institutional investors.

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.