Semrush (NASDAQ:SEMR) Sets New 12-Month Low Following Insider Selling

Semrush Holdings, Inc. (NASDAQ:SEMR)’s share price reached a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $10.30 and last traded at $10.57, with a volume of 45755 shares. The stock had previously closed at $10.74.

Specifically, CMO Andrew Warden sold 17,118 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.20, for a total transaction of $191,721.60. Following the sale, the chief marketing officer now directly owns 404,992 shares in the company, valued at approximately $4,535,910.40. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David W. Mason sold 9,127 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.14, for a total value of $101,674.78. Following the completion of the sale, the insider now owns 272,924 shares in the company, valued at $3,040,373.36. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, CFO Brian Mulroy sold 22,547 shares of Semrush stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.20, for a total value of $252,526.40. Following the completion of the transaction, the chief financial officer now directly owns 698,558 shares of the company’s stock, valued at $7,823,849.60. The trade was a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Several equities research analysts have weighed in on SEMR shares. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley raised Semrush from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $20.00 in a report on Monday, January 13th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities assumed coverage on shares of Semrush in a research note on Tuesday, January 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Semrush Stock Down 1.5 %

The company has a market capitalization of $1.55 billion, a P/E ratio of 133.14 and a beta of 1.77. The firm has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $14.12.

Institutional Inflows and Outflows

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

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.