SEMrush Holdings Inc’s recent filing unveils that its General Counsel Mason David W unloaded Company’s shares for reported $21143.0 on Feb 02 ’24. In the deal valued at $11.27 per share,1,876 shares were sold. As a result of this transaction, Mason David W now holds 75,924 shares worth roughly $0.98 million.
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Then, Levin Eugenie sold 44,223 shares, generating $547,923 in total proceeds. Upon selling the shares at $12.39, the President now owns 271,285 shares.
Before that, Levin Eugenie sold 40,921 shares. SEMrush Holdings Inc shares valued at $510,761 were divested by the President at a price of $12.48 per share. As a result of the transaction, Levin Eugenie now holds 271,285 shares, worth roughly $3.51 million.
KeyBanc Capital Markets initiated its SEMrush Holdings Inc [SEMR] rating to an Overweight in a research note published on March 21, 2024; the price target was $17. Piper Sandler also remained covering SEMR and has decreased its forecast on January 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Goldman started covering the stock on July 20, 2023. It rated SEMR as “a Neutral”.
Price Performance Review of SEMR
On Tuesday, SEMrush Holdings Inc [NYSE:SEMR] saw its stock jump 1.97% to $12.93. Over the last five days, the stock has gained 13.12%. SEMrush Holdings Inc shares have fallen nearly -5.34% since the year began. Nevertheless, the stocks have risen 37.70% over the past one year. While a 52-week high of $14.09 was reached on 01/02/24, a 52-week low of $7.21 was recorded on 03/05/24. SMA at 50 days reached $11.90, while 200 days put it at $10.23. A total of 0.6 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For SEMR Stock
The 24-hour chart illustrates a support level at 12.70, which if violated will result in even more drops to 12.47. On the upside, there is a resistance level at 13.08. A further resistance level may holdings at 13.23. The Relative Strength Index (RSI) on the 14-day chart is 63.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.67%. Stochastics %K at 93.96% 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 Feb 29, 2024, dropping by 30000.0 shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.23 million shares. There was a decline of -1.36%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.86.
The most recent change occurred on June 06, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $13 price target.
