Semrush Holdings, Inc. (NASDAQ:SEMR – Get Rating) CEO Oleg Shchegolev sold 2,495 shares of the business's stock in a transaction on Friday, August 19th. The shares were sold at an average price of $13.04, for a total transaction of $32,534.80. Following the sale, the chief executive officer now owns 1,663,382 shares of the company's stock, valued at approximately $21,690,501.28. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Oleg Shchegolev also recently made the following trade(s):
Get Semrush alerts:- On Wednesday, August 24th, Oleg Shchegolev sold 9,660 shares of Semrush stock. The shares were sold at an average price of $13.29, for a total transaction of $128,381.40.
- On Monday, August 22nd, Oleg Shchegolev sold 14,672 shares of Semrush stock. The stock was sold at an average price of $13.09, for a total transaction of $192,056.48.
- On Wednesday, August 17th, Oleg Shchegolev sold 40,151 shares of Semrush stock. The shares were sold at an average price of $13.86, for a total transaction 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 stock was 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 shares were sold at an average price of $13.83, for a total transaction 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 value of $446,352.00.
- On Friday, August 5th, Oleg Shchegolev sold 33,930 shares of Semrush stock. The stock was sold at an average price of $12.86, for a total value 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 stock was sold at an average price of $12.20, for a total value of $133,370.40.
Semrush Stock Performance
Shares of SEMR stock opened at $13.42 on Friday. The stock's 50-day simple moving average is $12.81 and its 200-day simple moving average is $12.10. The firm has a market capitalization of $1.90 billion, a PE ratio of -122.00 and a beta of 0.85. Semrush Holdings, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $32.48.
Wall Street Analyst Weigh In
SEMR has been the topic of several research reports. Jefferies Financial Group dropped their target price on Semrush from $15.00 to $10.00 in a research report on Thursday, May 12th. Piper Sandler lifted their price objective on Semrush from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, August 11th. Finally, Morgan Stanley lifted their price objective on Semrush from $13.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Semrush currently has an average rating of "Moderate Buy" and an average price target of $16.67.Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Wealthsource Partners LLC increased its holdings in shares of Semrush by 22.3% in the first quarter. Wealthsource Partners LLC now owns 13,510 shares of the company's stock valued at $161,000 after purchasing an additional 2,460 shares during the period. Needham Investment Management LLC grew its holdings in Semrush by 41.5% during the fourth quarter. Needham Investment Management LLC now owns 68,233 shares of the company's stock worth $1,423,000 after acquiring an additional 20,000 shares during the period. PDT Partners LLC acquired a new stake in Semrush during the fourth quarter worth about $312,000. Cat Rock Capital Management LP grew its holdings in Semrush by 143.8% during the fourth quarter. Cat Rock Capital Management LP now owns 5,050,026 shares of the company's stock worth $105,293,000 after acquiring an additional 2,978,820 shares during the period. Finally, Ingalls & Snyder LLC acquired a new stake in Semrush during the fourth quarter worth about $511,000. 15.10% of the stock is owned by institutional investors and hedge funds.
About Semrush
(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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