Key Points
- CFO Brian Mulroy sold 100,078 shares on Dec. 16 at an average price of $11.86 for about $1.19 million, trimming his position by 8.94% to 1,019,517 shares (≈$12.09M).
- SEMR shares opened at $11.87 and trade within a 12‑month range of $6.56–$18.74; the company has a market cap of $1.77 billion and a P/E of 148.46.
- Analysts' consensus is a "Hold" with a $12.00 target (one Strong Buy, one Buy, five Hold), and institutional investors own about 32.86% of the stock amid recent modest purchases by several funds.
Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) CMO Andrew Warden sold 26,765 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $11.86, for a total transaction of $317,432.90. Following the sale, the chief marketing officer directly owned 382,953 shares of the company's stock, valued at approximately $4,541,822.58. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Andrew Warden also recently made the following trade(s):
- On Monday, December 8th, Andrew Warden sold 196,115 shares of Semrush stock. The stock was sold at an average price of $11.84, for a total transaction of $2,322,001.60.
Semrush Stock Performance
SEMR traded up $0.01 during trading on Thursday, hitting $11.87. The stock had a trading volume of 54,464 shares, compared to its average volume of 1,242,548. The stock has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $8.68. Semrush Holdings, Inc. has a twelve month low of $6.56 and a twelve month high of $18.74. The company has a market capitalization of $1.77 billion, a PE ratio of 148.33 and a beta of 1.55.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SEMR. Needham & Company LLC reaffirmed a "hold" rating on shares of Semrush in a research report on Wednesday, November 19th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (up from $10.00) on shares of Semrush in a research report on Thursday, November 20th. Finally, KeyCorp reissued a "sector weight" rating on shares of Semrush in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Semrush has a consensus rating of "Hold" and an average target price of $12.00.
Get Our Latest Stock Report on SEMR
Institutional Investors Weigh In On Semrush
Institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. increased its holdings in Semrush by 55.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 287,647 shares of the company's stock worth $2,037,000 after buying an additional 102,623 shares during the period. Voleon Capital Management LP purchased a new stake in shares of Semrush in the 3rd quarter valued at $2,067,000. Verition Fund Management LLC boosted its holdings in shares of Semrush by 364.8% in the 3rd quarter. Verition Fund Management LLC now owns 310,170 shares of the company's stock valued at $2,196,000 after acquiring an additional 243,440 shares during the last quarter. Polymer Capital Management US LLC increased its stake in shares of Semrush by 17.8% in the third quarter. Polymer Capital Management US LLC now owns 14,927 shares of the company's stock worth $106,000 after acquiring an additional 2,255 shares during the period. Finally, Numerai GP LLC raised its holdings in shares of Semrush by 983.5% during the third quarter. Numerai GP LLC now owns 369,251 shares of the company's stock worth $2,614,000 after purchasing an additional 335,172 shares during the last quarter. Institutional investors and hedge funds own 32.86% of the company's stock.
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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