Semrush Holdings Inc.’s recent filing unveils that its Chief Executive Officer Shchegolev Oleg unloaded Company’s shares for reported $4400.0 on Aug 07. In the deal valued at $11.00 per share,400 shares were sold. As a result of this transaction, Shchegolev Oleg now holds 3,843,296 shares worth roughly $ 35.47 million.
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Then, Vranesh Mark sold 7,733 shares, generating $77,717 in total proceeds. Upon selling the shares at $10.05, the Director now owns 146,707 shares.
Before that, Vranesh Mark sold 4,961 shares. Semrush Holdings Inc. shares valued at $49,808 were divested by the Director at a price of $10.04 per share. As a result of the transaction, Vranesh Mark now holds 154,440 shares, worth roughly $1.43 million.
Goldman initiated its Semrush Holdings Inc. [SEMR] rating to a Neutral in a research note published on Friday, July 20, 2023; the price target was $10.50. PT values the company’s stock at a premium of 12.1 to its Friday closing price.
Price Performance Review of SEMR
On Friday, Semrush Holdings Inc. [NYSE:SEMR] saw its stock fall -2.33% to $9.23. On the same session, the stock had its day’s lowest price of $9.15, but rose to a high of $9.60. Over the last five days, the stock has gained 2.90%. Semrush Holdings Inc. shares have risen nearly 13.39% since the year began. Nevertheless, the stocks have fallen -24.78% over the past one year. While a 52-week high of $12.74 was reached on 08/07/23, a 52-week low of $7.16 was recorded on 01/25/23. SMA at 50 days reached $9.58, while 200 days put it at $8.97. A total of 0.3 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For SEMR Stock
The 24-hour chart illustrates a support level at 9.05, which if violated will result in even more drops to 8.88. On the upside, there is a resistance level at 9.50. A further resistance level may holdings at 9.78. The Relative Strength Index (RSI) on the 14-day chart is 48.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.46%. Stochastics %K at 83.75% indicates the stock is a selling.
How much short interest is there in Semrush Holdings Inc.?
A steep rise in short interest was recorded in Semrush Holdings Inc. stocks on Aug 14, 2023, dropping by -0.46 million shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.64 million shares. There was a decline of -21.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.79.
Semrush Holdings Inc. [SEMR] – Who Are The Largest Shareholders?
In filings from Cat Rock Capital Management LP, it is revealed that the company now owns 8,457,972 shares, or roughly 7.15% of the outstanding SEMR shares. In other words, the investor’s shares have risen by 61,990 from its previous 13-F filing of 8395982.0. Additionally, The Vanguard Group, Inc. increased 126.32% of its stake after which the total value it holdings stand at $44,921,679, while Ancient Art LP added 2.81% of its stake to hold $38.79 million in the firm. Over the last quarter, Dorsey Asset Management LLC sold -329,041 shares of Semrush Holdings Inc., while BlackRock Fund Advisors sold 1,569,342 shares. At present, Millennium Management LLC is holding 878,252 shares valued at $9.32 million. Geode Capital Management LLC owned 646,264 shares of the company at the time of its most recent 13F filing, worth $6.86 million.
According to FactSet, Semrush Holdings Inc.’s share price will average $11.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.98 percent from its previous closing price of $9.45. Analysts expect Semrush Holdings Inc. stock to reach the higher price of $14.00, while the lowest price estimate is $10.00. However, 8 analysts have rated SEMR stock as an Overweight in their predictions for 2023.