The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SEMrush Holdings Inc shares valued at $21,143 were sold by Mason David W on Feb 02 ’24. At $11.27 per share, Mason David W sold 1,876 shares. The insider’s holdings dropped to 75,924 shares worth approximately $0.91 million following the completion of this transaction.
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Also, Levin Eugenie sold 44,223 shares, netting a total of over 547,923 in proceeds. Following the sale of shares at $12.39 each, the insider now holds 271,285 shares.
Before that, Levin Eugenie had sold 40,921 shares from its account. In a trade valued at $510,761, the President traded SEMrush Holdings Inc shares for $12.48 each. Upon closing the transaction, the insider’s holdings decreased to 40,921 shares, worth approximately $3.26 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, SEMrush Holdings Inc [SEMR] has been an Overweight and the price target has been revised to $17. As of January 09, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SEMR. Earlier on July 20, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for SEMR stock.
Analyzing SEMR Stock Performance
During the last five days, there has been a surge of approximately 7.31%. Over the course of the year, SEMrush Holdings Inc shares have dropped approximately -11.93%. Shares of the company reached a 52-week high of $13.57 on 01/02/24 and a 52-week low of $9.64 on 03/05/24. A 50-day SMA is recorded $11.90, while a 200-day SMA reached $10.16. Nevertheless, trading volume fell to 0.54 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for SEMrush Holdings Inc (SEMR)
According to the 24-hour chart, there is a support level at 11.90, which, if violated, would cause prices to drop to 11.78. In the upper region, resistance lies at 12.20. The next price resistance is at 12.38. RSI (Relative Strength Index) is 54.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 30.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is SEMrush Holdings Inc subject to short interest?
Stocks of SEMrush Holdings Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by 30000.0 shares to 2.2 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 2.23 million shares. A decline of -1.36% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.86 of the overall float, the days-to-cover ratio (short ratio) decline to 4.86.
