David W. Mason Sells 7,500 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) insider David W. Mason sold 7,500 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $10.03, for a total value of $75,225.00. Following the sale, the insider now directly owns 261,702 shares in the company, valued at approximately $2,624,871.06. The trade was a 2.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semrush Trading Up 2.5%

Shares of NASDAQ SEMR traded up $0.26 during midday trading on Friday, reaching $10.37. The company had a trading volume of 1,131,678 shares, compared to its average volume of 574,506. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The business's 50-day simple moving average is $9.77 and its 200 day simple moving average is $12.19. The stock has a market cap of $1.54 billion, a P/E ratio of 129.58 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SEMR. Morgan Stanley lowered their price target on shares of 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 lowered their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, KeyCorp reduced their price target 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $16.43.

Hedge Funds Weigh In On Semrush

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP boosted its position in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company's stock valued at $51,000 after buying an additional 3,589 shares during the last quarter. Signaturefd LLC acquired a new stake in Semrush during the 1st quarter valued at approximately $42,000. Amundi boosted its holdings in shares of Semrush by 29.3% in the 1st 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. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the fourth quarter worth $71,000. Hedge funds and other institutional investors own 32.86% of the company's stock.

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.