Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko Sells 4,971 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) COO Vitalii Obishchenko sold 4,971 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.97, for a total transaction of $74,415.87. Following the completion of the transaction, the chief operating officer now directly owns 843,952 shares in the company, valued at approximately $12,633,961.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vitalii Obishchenko also recently made the following trade(s):

• On Wednesday, September 11th, Vitalii Obishchenko sold 55,000 shares of Semrush stock. The stock was sold at an average price of $13.43, for a total transaction of $738,650.00.

Semrush Stock Performance

SEMR traded up $0.23 during trading on Friday, reaching $14.43. 445,816 shares of the company traded hands, compared to its average volume of 402,818. The company has a market cap of $2.10 billion, a P/E ratio of 160.33 and a beta of 1.58. The firm has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $13.87. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SEMR. JPMorgan Chase & Co. raised their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday. Finally, KeyCorp boosted their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the second quarter valued at $123,000. Algert Global LLC raised its holdings in shares of Semrush by 13.8% in the second quarter. Algert Global LLC now owns 84,931 shares of the company’s stock valued at $1,137,000 after acquiring an additional 10,282 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Semrush by 5.1% in the second quarter. SkyView Investment Advisors LLC now owns 216,282 shares of the company’s stock worth $2,896,000 after acquiring an additional 10,455 shares during the period. Finally, Rhumbline Advisers grew its holdings in Semrush by 29.7% during the 2nd quarter. Rhumbline Advisers now owns 48,912 shares of the company’s stock worth $655,000 after acquiring an additional 11,202 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.