Andrew Warden Sells 4,523 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CMO Andrew Warden sold 4,523 shares of Semrush stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $9.61, for a total value of $43,466.03. Following the completion of the transaction, the chief marketing officer now directly owns 85,572 shares of the company’s stock, valued at $822,346.92. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew Warden also recently made the following trade(s):

• On Tuesday, January 7th, Andrew Warden sold 8,462 shares of Semrush stock. The stock was sold at an average price of $11.71, for a total transaction of $99,090.02.

Semrush Price Performance

Shares of Semrush stock traded down $0.23 on Friday, hitting $11.54. 422,849 shares of the company’s stock traded hands, compared to its average volume of 545,341. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42. The stock has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The firm’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $13.56.

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Semrush by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,761 shares of the company’s stock worth $1,403,000 after buying an additional 23,313 shares during the period. Rhumbline Advisers grew its holdings in Semrush by 29.7% during the second quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock valued at $655,000 after purchasing an additional 11,202 shares during the period. Los Angeles Capital Management LLC bought a new stake in Semrush in the second quarter valued at approximately $258,000. Acadian Asset Management LLC raised its holdings in Semrush by 330.9% in the second quarter. Acadian Asset Management LLC now owns 37,461 shares of the company’s stock worth $499,000 after purchasing an additional 28,768 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. The Goldman Sachs Group boosted their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.