Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CFO Brian Mulroy sold 20,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.43, for a total transaction of $208,600.00. Following the completion of the sale, the chief financial officer now owns 907,385 shares in the company, valued at $9,464,025.55. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Brian Mulroy also recently made the following trade(s):
- On Friday, April 11th, Brian Mulroy sold 4,207 shares of Semrush stock. The stock was sold at an average price of $8.61, for a total value of $36,222.27.
Semrush Trading Down 3.0%
Shares of SEMR stock traded down $0.32 on Monday, hitting $10.03. 646,545 shares of the stock were exchanged, compared to its average volume of 574,796. The firm has a market capitalization of $1.49 billion, a PE ratio of 125.33 and a beta of 1.71. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The firm's 50 day moving average is $9.78 and its two-hundred day moving average is $12.16.
Analysts Set New Price Targets
A number of analysts recently issued reports on SEMR shares. Morgan Stanley lowered their target price on 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 dropped their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Finally, KeyCorp dropped their price target on Semrush from $18.00 to $16.00 and set an "overweight" rating for the company 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $16.43.
Get Our Latest Report on SEMR
Institutional Investors Weigh In On Semrush
A number of large investors have recently made changes to their positions in SEMR. Comerica Bank raised its stake in Semrush by 14.6% during the fourth 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 last quarter. D. E. Shaw & Co. Inc. grew its holdings in Semrush by 3.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company's stock valued at $299,000 after purchasing an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Semrush by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company's stock worth $247,000 after buying an additional 912 shares in the last quarter. Magnetar Financial LLC increased its position in Semrush by 6.3% in the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company's stock worth $186,000 after buying an additional 933 shares in the last quarter. Finally, Amundi increased its position in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company's stock worth $44,000 after buying an additional 1,108 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors.
About Semrush
(
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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.
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