Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Sells 2,500,000 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CTO Oleg Shchegolev sold 2,500,000 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $10.01, for a total transaction of $25,025,000.00. Following the transaction, the chief technology officer now directly owns 26,739,320 shares in the company, valued at $267,660,593.20. The trade was a 8.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Oleg Shchegolev also recently made the following trade(s):

• On Wednesday, April 2nd, Oleg Shchegolev sold 9,563 shares of Semrush stock. The shares were sold at an average price of $9.44, for a total value of $90,274.72.
• On Monday, March 3rd, Oleg Shchegolev sold 32,932 shares of Semrush stock. The shares were sold at an average price of $11.19, for a total transaction of $368,509.08.

Semrush Trading Down 0.1%

NASDAQ SEMR traded down $0.01 on Friday, reaching $9.87. The company's stock had a trading volume of 1,162,753 shares, compared to its average volume of 551,687. The firm has a market cap of $1.46 billion, a PE ratio of 123.39 and a beta of 1.79. The business has a 50-day moving average price of $9.73 and a 200 day moving average price of $12.34. Semrush Holdings, Inc. has a 52 week low of $7.90 and a 52 week high of $18.74.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on Semrush from $19.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock 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 on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.43.

Hedge Funds Weigh In On Semrush

Several large investors have recently bought and sold shares of SEMR. Rhumbline Advisers boosted its position in shares of Semrush by 4.9% during the first quarter. Rhumbline Advisers now owns 49,889 shares of the company's stock worth $465,000 after purchasing an additional 2,314 shares in the last quarter. Strs Ohio bought a new position in shares of Semrush during the first quarter worth $390,000. Caxton Associates LLP bought a new position in shares of Semrush during the first quarter worth $230,000. Goldman Sachs Group Inc. boosted its position in shares of Semrush by 129.2% during the first quarter. Goldman Sachs Group Inc. now owns 674,396 shares of the company's stock worth $6,292,000 after purchasing an additional 380,165 shares in the last quarter. Finally, Petrus Trust Company LTA boosted its position in shares of Semrush by 4.6% during the first quarter. Petrus Trust Company LTA now owns 31,043 shares of the company's stock worth $290,000 after purchasing an additional 1,368 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.