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An Analysis of SEMrush Holdings Inc (SEMR)’s Potential Price Growth

CHWY Stock

SEMrush Holdings Inc’s filing revealed that its Chief Financial Officer Mulroy Brian unloaded Company’s shares for reported $1.15 million on Apr 11 ’24. In the deal valued at $12.89 per share,89,079 shares were sold. As a result of this transaction, Mulroy Brian now holds 441,625 shares worth roughly $5.41 million.

Then, Shchegolev Oleg sold 19,225 shares, generating $253,962 in total proceeds. Upon selling the shares at $13.21, the Chief Executive Officer now owns 4,397,238 shares.

Before that, Obishchenko Vitalii sold 15,114 shares. SEMrush Holdings Inc shares valued at $199,505 were divested by the Chief Operating Officer at a price of $13.20 per share. As a result of the transaction, Obishchenko Vitalii now holds 908,663 shares, worth roughly $11.12 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 fall -1.61% to $12.24. Over the last five days, the stock has lost -0.08%. SEMrush Holdings Inc shares have fallen nearly -10.40% since the year began. Nevertheless, the stocks have risen 26.71% over the past one year. While a 52-week high of $14.09 was reached on 04/01/24, a 52-week low of $7.21 was recorded on 03/05/24. SMA at 50 days reached $12.23, while 200 days put it at $10.66. A total of 0.43 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For SEMR Stock

The 24-hour chart illustrates a support level at 12.04, which if violated will result in even more drops to 11.84. On the upside, there is a resistance level at 12.38. A further resistance level may holdings at 12.52. The Relative Strength Index (RSI) on the 14-day chart is 49.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.63%. Stochastics %K at 43.63% indicates the stock is a holding.

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.

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