Semrush (NASDAQ:SEMR) CTO Oleg Shchegolev Sells 200,000 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CTO Oleg Shchegolev sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $11.93, for a total value of $2,386,000.00. Following the sale, the chief technology officer owned 7,174,188 shares of the company’s stock, valued at $85,588,062.84. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Semrush Price Performance

NASDAQ:SEMR opened at $11.92 on Wednesday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 149.02 and a beta of 1.55. The firm’s fifty day moving average price is $11.88 and its 200 day moving average price is $9.93. Semrush Holdings, Inc. has a 1-year low of $6.56 and a 1-year high of $11.95.

Hedge Funds Weigh In On Semrush

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Semrush by 3,913.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,917 shares of the company’s stock valued at $130,000 after purchasing an additional 10,645 shares during the last quarter. Invesco Ltd. boosted its holdings in Semrush by 8.8% in the fourth quarter. Invesco Ltd. now owns 35,115 shares of the company’s stock valued at $418,000 after acquiring an additional 2,847 shares during the last quarter. Water Island Capital LLC purchased a new stake in Semrush during the fourth quarter valued at about $7,474,000. Toronto Dominion Bank purchased a new position in shares of Semrush in the 4th quarter worth about $4,877,000. Finally, Millennium Management LLC lifted its stake in shares of Semrush by 14.8% in the 4th quarter. Millennium Management LLC now owns 1,175,270 shares of the company’s stock valued at $13,974,000 after purchasing an additional 151,509 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Semrush in a research note 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 report on Thursday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Semrush in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Semrush Company Profile

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.