Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy Sells 20,000 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.43, for a total value of $208,600.00. Following the transaction, the chief financial officer now owns 907,385 shares in the company, valued at approximately $9,464,025.55. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, April 11th, Brian Mulroy sold 4,207 shares of Semrush stock. The stock was sold at an average price of $8.61, for a total value of $36,222.27.

Semrush Stock Performance

Shares of SEMR stock opened at $10.37 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 129.58 and a beta of 1.71. Semrush Holdings, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $18.74. The business’s 50 day moving average price is $9.77 and its 200-day moving average price is $12.22.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, March 28th. Morgan Stanley reduced their price target on Semrush from $19.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp reduced their price target on Semrush from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.43.

Institutional Investors Weigh In On Semrush

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Semrush in the 4th quarter worth approximately $6,869,000. Y Intercept Hong Kong Ltd grew its position in shares of Semrush by 166.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock worth $1,226,000 after buying an additional 64,514 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Semrush in the 4th quarter worth approximately $608,000. Principal Financial Group Inc. grew its position in shares of Semrush by 10.6% in the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company’s stock worth $380,000 after buying an additional 3,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Semrush by 17.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company’s stock worth $9,768,000 after buying an additional 123,709 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors.

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.