Semrush (NASDAQ:SEMR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) saw an uptick in trading volume on Wednesday . 2,174,766 shares changed hands during trading, an increase of 104% from the previous session’s volume of 1,068,570 shares.The stock last traded at $11.9050 and had previously closed at $11.94.

Analyst Upgrades and Downgrades

SEMR has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective (up previously from $10.00) on shares of Semrush in a research report on Thursday, November 20th. KeyCorp reissued a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Semrush in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Semrush has an average rating of “Hold” and a consensus price target of $12.00.

Semrush Trading Down 0.3%

The firm has a market capitalization of $1.78 billion, a P/E ratio of 148.83 and a beta of 1.55. The business’s 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $8.90.

Insider Buying and Selling

In other news, CMO Andrew Warden sold 196,115 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $11.84, for a total transaction of $2,322,001.60. Following the sale, the chief marketing officer owned 241,084 shares of the company’s stock, valued at $2,854,434.56. This trade represents a 44.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Mulroy sold 100,078 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $11.86, for a total transaction of $1,186,925.08. Following the transaction, the chief financial officer owned 1,019,517 shares in the company, valued at approximately $12,091,471.62. This trade represents a 8.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 322,958 shares of company stock valued at $3,826,360. 55.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently modified their holdings of SEMR. Bank of America Corp DE raised its stake in shares of Semrush by 871.8% in the second quarter. Bank of America Corp DE now owns 940,144 shares of the company’s stock worth $8,508,000 after buying an additional 843,406 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Semrush in the 2nd quarter worth approximately $6,926,000. Topline Capital Management LLC bought a new stake in Semrush during the 3rd quarter worth approximately $3,923,000. Millennium Management LLC lifted its holdings in Semrush by 81.6% during the third quarter. Millennium Management LLC now owns 1,023,761 shares of the company’s stock valued at $7,248,000 after purchasing an additional 459,973 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Semrush by 7.2% during the third quarter. Vanguard Group Inc. now owns 6,004,568 shares of the company’s stock valued at $42,512,000 after purchasing an additional 405,625 shares in the last quarter. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.