Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Mark Vranesh sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 103,731 shares of the company's stock, valued at approximately $1,037,310. This trade represents a 4.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Semrush Price Performance
NASDAQ SEMR opened at $10.32 on Friday. The firm's fifty day moving average price is $10.41 and its 200 day moving average price is $12.87. Semrush Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $18.74. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 128.97 and a beta of 1.80.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SEMR. Vanguard Group Inc. boosted its stake in shares of Semrush by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 5,177,228 shares of the company's stock worth $61,505,000 after buying an additional 113,222 shares during the period. Dorsey Asset Management LLC raised its stake in Semrush by 6.8% during the 4th quarter. Dorsey Asset Management LLC now owns 2,258,481 shares of the company's stock valued at $26,831,000 after acquiring an additional 144,534 shares during the last quarter. Millennium Management LLC lifted its position in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock worth $14,804,000 after acquiring an additional 755,220 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Semrush by 122.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after purchasing an additional 541,899 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Semrush by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock valued at $9,768,000 after purchasing an additional 123,709 shares during the period. 32.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have commented on SEMR. The Goldman Sachs Group decreased their target price on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Jefferies Financial Group upped their price objective on shares of Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised Semrush to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Semrush presently has a consensus rating of "Buy" and a consensus price target of $17.14.
Get Our Latest Analysis on SEMR
Semrush Company Profile
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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.
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