Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy Sells 20,000 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CFO Brian Mulroy sold 20,000 shares of Semrush stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.43, for a total transaction of $208,600.00. Following the transaction, the chief financial officer now directly owns 907,385 shares of the company's stock, valued at $9,464,025.55. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Stock Performance

Semrush stock traded up $0.26 during mid-day trading on Friday, reaching $10.37. The stock had a trading volume of 1,131,678 shares, compared to its average volume of 573,692. The firm has a market capitalization of $1.54 billion, a PE ratio of 129.58 and a beta of 1.71. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74. The stock's 50-day simple moving average is $9.75 and its 200-day simple moving average is $12.25.

Analyst Upgrades and Downgrades

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

Institutional Trading of Semrush

Hedge funds have recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of Semrush in the first quarter valued at $10,762,000. Topline Capital Management LLC bought a new position in Semrush in the 4th quarter valued at about $9,267,000. Millennium Management LLC boosted 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 purchasing an additional 755,220 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Semrush during the 4th quarter valued at about $6,869,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Semrush by 122.4% during 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 in the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.

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.

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