Semrush Holdings, Inc. (NASDAQ:SEMR) Insider Sells $75,225.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) insider David W. Mason sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total transaction of $75,225.00. Following the completion of the sale, the insider now owns 261,702 shares in the company, valued at $2,624,871.06. This represents a 2.79% 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.

Semrush Price Performance

SEMR traded up $0.32 during trading on Friday, hitting $10.43. The stock had a trading volume of 354,758 shares, compared to its average volume of 570,728. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 130.77 and a beta of 1.71. The company has a 50 day moving average price of $9.75 and a 200-day moving average price of $12.25. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74.

Hedge Funds Weigh In On Semrush

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC acquired a new stake in Semrush during the first quarter worth about $42,000. US Bancorp DE lifted its holdings in Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company's stock worth $43,000 after buying an additional 3,446 shares during the period. Amundi boosted its holdings in Semrush by 29.3% in the first quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after acquiring an additional 1,108 shares during the last quarter. Quarry LP increased its position in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after buying an additional 3,589 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Semrush in the 4th quarter worth about $71,000. 32.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. KeyCorp cut their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Finally, Morgan Stanley cut their price target 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. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $16.43.

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.