Brian Mulroy Sells 89,079 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) CFO Brian Mulroy sold 89,079 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $12.89, for a total value of $1,148,228.31. Following the transaction, the chief financial officer now directly owns 441,625 shares of the company’s stock, valued at $5,692,546.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Semrush Stock Down 1.0 %

SEMR opened at $11.92 on Wednesday. Semrush Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $14.09. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 1,192.69 and a beta of 1.56. The business has a 50 day moving average of $12.30 and a 200-day moving average of $11.18.

Semrush (NASDAQ:SEMR) last announced its earnings results on Monday, March 4th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $83.39 million for the quarter, compared to analyst estimates of $83.19 million. Semrush had a return on equity of 0.46% and a net margin of 0.31%. As a group, analysts expect that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Semrush

A number of large investors have recently made changes to their positions in the company. Russia Partners Management LLC bought a new position in shares of Semrush during the fourth quarter worth approximately $122,715,000. Cat Rock Capital Management LP increased its stake in Semrush by 4.4% during the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after acquiring an additional 358,386 shares during the period. Vanguard Group Inc. increased its stake in Semrush by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,118,351 shares of the company’s stock worth $56,257,000 after acquiring an additional 96,789 shares during the period. BlackRock Inc. increased its stake in Semrush by 139.1% during the 2nd quarter. BlackRock Inc. now owns 3,396,716 shares of the company’s stock worth $32,507,000 after acquiring an additional 1,976,368 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Semrush by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 1,537,272 shares of the company’s stock worth $18,355,000 after acquiring an additional 4,150 shares during the period. Institutional investors own 32.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SEMR has been the subject of several recent research reports. Jefferies Financial Group raised Semrush from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $15.00 in a research report on Wednesday, February 7th. Piper Sandler reduced their price target on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. KeyCorp began coverage on Semrush in a research report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Semrush in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group increased their price target on Semrush from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.50.

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.