Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) CEO Oleg Shchegolev sold 14,672 shares of the firm's stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $13.09, for a total transaction of $192,056.48. Following the completion of the transaction, the chief executive officer now directly owns 1,648,710 shares in the company, valued at approximately $21,581,613.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Oleg Shchegolev also recently made the following trade(s):
Get Semrush alerts:- On Friday, August 19th, Oleg Shchegolev sold 2,495 shares of Semrush stock. The stock was sold at an average price of $13.04, for a total transaction of $32,534.80.
- On Wednesday, August 17th, Oleg Shchegolev sold 40,151 shares of Semrush stock. The stock was sold at an average price of $13.86, for a total value of $556,492.86.
- On Monday, August 15th, Oleg Shchegolev sold 26,159 shares of Semrush stock. The shares were sold at an average price of $14.17, for a total value of $370,673.03.
- On Friday, August 12th, Oleg Shchegolev sold 38,947 shares of Semrush stock. The shares were sold at an average price of $14.11, for a total transaction of $549,542.17.
- On Wednesday, August 10th, Oleg Shchegolev sold 101,083 shares of Semrush stock. The stock was sold at an average price of $13.83, for a total value of $1,397,977.89.
- On Monday, August 8th, Oleg Shchegolev sold 32,820 shares of Semrush stock. The shares were sold at an average price of $13.60, for a total transaction of $446,352.00.
- On Friday, August 5th, Oleg Shchegolev sold 33,930 shares of Semrush stock. The shares were sold at an average price of $12.86, for a total transaction of $436,339.80.
- On Wednesday, August 3rd, Oleg Shchegolev sold 35,942 shares of Semrush stock. The shares were sold at an average price of $12.74, for a total value of $457,901.08.
- On Monday, August 1st, Oleg Shchegolev sold 10,932 shares of Semrush stock. The shares were sold at an average price of $12.20, for a total transaction of $133,370.40.
- On Friday, July 29th, Oleg Shchegolev sold 8,286 shares of Semrush stock. The stock was sold at an average price of $12.12, for a total transaction of $100,426.32.
Semrush Stock Performance
SEMR opened at $13.24 on Thursday. The company has a fifty day moving average of $12.76 and a two-hundred day moving average of $12.12. Semrush Holdings, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $32.48. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -120.36 and a beta of 0.85.
Hedge Funds Weigh In On Semrush
Several institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC grew its holdings in Semrush by 91.5% in the second quarter. Lazard Asset Management LLC now owns 4,956 shares of the company's stock valued at $64,000 after purchasing an additional 2,368 shares during the period. Sandy Cove Advisors LLC acquired a new stake in Semrush in the 1st quarter valued at $119,000. Arizona State Retirement System purchased a new stake in Semrush in the 2nd quarter worth $135,000. Advisor Group Holdings Inc. raised its position in Semrush by 48.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,577 shares of the company's stock worth $138,000 after acquiring an additional 2,149 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new position in Semrush during the second quarter valued at $144,000. Hedge funds and other institutional investors own 15.10% of the company's stock.Analysts Set New Price Targets
SEMR has been the topic of several research analyst reports. Jefferies Financial Group dropped their price target on Semrush from $15.00 to $10.00 in a research note on Thursday, May 12th. Morgan Stanley raised their target price on shares of Semrush from $13.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, August 12th. Finally, Piper Sandler upped their price target on shares of Semrush from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Semrush currently has an average rating of "Moderate Buy" and a consensus price target of $16.67.
Semrush Company Profile
(Get Rating)
Semrush Holdings, Inc develops an online visibility management software-as-a-service platform worldwide. 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.
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