Oleg Shchegolev Sells 8,964 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CEO Oleg Shchegolev sold 8,964 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.14, for a total value of $126,750.96. Following the completion of the sale, the chief executive officer now owns 4,378,823 shares in the company, valued at approximately $61,916,557.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Semrush Stock Up 1.6 %

NASDAQ:SEMR traded up $0.23 on Friday, reaching $14.43. 445,816 shares of the company’s stock were exchanged, compared to its average volume of 402,818. The business has a fifty day moving average of $14.03 and a 200-day moving average of $13.87. Semrush Holdings, Inc. has a 52-week low of $7.36 and a 52-week high of $16.42. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 160.33 and a beta of 1.58.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $90.95 million during the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. As a group, equities analysts anticipate that Semrush Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

SEMR has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, KeyCorp raised their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On Semrush

Large investors have recently bought and sold shares of the stock. G2 Investment Partners Management LLC acquired a new stake in shares of Semrush in the 4th quarter valued at $10,597,000. Jacobs Levy Equity Management Inc. purchased a new stake in Semrush during the 1st quarter worth about $543,000. Renaissance Technologies LLC purchased a new position in shares of Semrush in the 2nd quarter valued at about $3,732,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Semrush during the 2nd quarter worth about $3,006,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Semrush during the 2nd quarter worth about $654,000. Hedge funds and other institutional investors 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.