Brian Mulroy Sells 22,547 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 22,547 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $252,526.40. Following the sale, the chief financial officer now directly owns 698,558 shares of the company’s stock, valued at approximately $7,823,849.60. This represents a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brian Mulroy also recently made the following trade(s):

• On Monday, January 13th, Brian Mulroy sold 3,015 shares of Semrush stock. The stock was sold at an average price of $12.40, for a total transaction of $37,386.00.

Semrush Trading Down 2.4 %

Shares of SEMR stock traded down $0.27 during trading hours on Wednesday, hitting $10.79. The company’s stock had a trading volume of 1,076,804 shares, compared to its average volume of 788,100. Semrush Holdings, Inc. has a twelve month low of $10.15 and a twelve month high of $18.74. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 134.83 and a beta of 1.77. The business has a fifty day moving average of $14.95 and a 200-day moving average of $14.15.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SEMR shares. Jefferies Financial Group boosted their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research note on Tuesday, January 14th. Northland Securities assumed coverage on shares of Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Semrush

A number of institutional investors have recently made changes to their positions in SEMR. Vanguard Group Inc. boosted its stake in shares of Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company’s stock valued at $61,505,000 after acquiring an additional 113,222 shares during the last quarter. FMR LLC lifted its holdings in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Dorsey Asset Management LLC boosted its stake in shares of Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company’s stock worth $26,831,000 after purchasing an additional 144,534 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after buying an additional 168,400 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Semrush by 153.8% in the fourth quarter. Millennium Management LLC now owns 1,246,109 shares of the company’s stock valued at $14,804,000 after buying an additional 755,220 shares during the last quarter. 32.86% of the stock is owned by institutional investors and hedge funds.

Semrush Company Profile

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.