Key Points
- Semrush CMO Andrew Warden sold 196,115 shares on December 8 at an average price of $11.84 for about $2.322 million, cutting his position by 44.86% to 241,084 shares.
- SEMR trades near $11.85 (50‑day/200‑day MAs ~$8.76/$8.61) with a market cap of ~$1.77B and a high PE of 148; Wall Street consensus is a "Hold" with a $12.00 price target.
Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CMO Andrew Warden sold 196,115 shares of Semrush stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $11.84, for a total value of $2,322,001.60. Following the completion of the transaction, the chief marketing officer owned 241,084 shares in the company, valued at approximately $2,854,434.56. This represents a 44.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Semrush Price Performance
Shares of SEMR stock opened at $11.85 on Thursday. The business has a 50-day moving average of $8.76 and a 200 day moving average of $8.61. Semrush Holdings, Inc. has a 1-year low of $6.56 and a 1-year high of $18.74. The stock has a market capitalization of $1.77 billion, a PE ratio of 148.08 and a beta of 1.54.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SEMR. State of Alaska Department of Revenue purchased a new position in Semrush during the 3rd quarter valued at about $41,000. Amundi increased its stake in shares of Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company's stock valued at $44,000 after purchasing an additional 1,108 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Semrush by 96.4% during the second quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company's stock valued at $50,000 after purchasing an additional 2,700 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Semrush by 56.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company's stock valued at $57,000 after purchasing an additional 2,259 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Semrush in the 2nd quarter worth approximately $93,000. 32.86% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SEMR. KeyCorp reissued a "sector weight" rating on shares of Semrush in a research note on Wednesday, November 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of Semrush in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $12.00 target price (up from $10.00) on shares of Semrush in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.00.
Read Our Latest Research Report on SEMR
About Semrush
(
Get Free Report)
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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