Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) President Sells 3,757 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) President Eugenie Levin sold 3,757 shares of Semrush stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $13.64, for a total value of $51,245.48. Following the completion of the transaction, the president now directly owns 445,680 shares in the company, valued at $6,079,075.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eugenie Levin also recently made the following trade(s):

• On Wednesday, May 8th, Eugenie Levin sold 276,136 shares of Semrush stock. The stock was sold at an average price of $15.19, for a total value of $4,194,505.84.

Semrush Trading Up 0.3 %

Shares of NASDAQ:SEMR opened at $13.50 on Friday. Semrush Holdings, Inc. has a 1-year low of $7.36 and a 1-year high of $16.42. The firm has a market capitalization of $1.96 billion, a PE ratio of 149.56 and a beta of 1.59. The business’s 50 day moving average is $14.49 and its 200-day moving average is $13.06.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $85.81 million for the quarter, compared to analyst estimates of $85.10 million. Semrush had a return on equity of 6.05% and a net margin of 4.01%. On average, sell-side analysts predict that Semrush Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SEMR shares. KeyCorp started coverage on Semrush in a research report on Thursday, March 21st. They issued an “overweight” rating and a $17.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Semrush presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Institutional Trading of Semrush

Several institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its stake in Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock valued at $75,000 after buying an additional 1,378 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after buying an additional 1,563 shares in the last quarter. Swiss National Bank boosted its stake in Semrush by 8.1% in the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock valued at $962,000 after buying an additional 5,300 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Semrush by 61.0% in the 3rd quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after buying an additional 7,947 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Semrush in the 4th quarter valued at $226,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.