Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SEMrush Holdings Inc shares valued at $19,548 were sold by Mason David W on May 02 ’24. At $12.62 per share, Mason David W sold 1,549 shares. The insider’s holdings dropped to 163,546 shares worth approximately $2.5 million following the completion of this transaction.
Also, Mulroy Brian sold 89,079 shares, netting a total of over 1,148,228 in proceeds. Following the sale of shares at $12.89 each, the insider now holds 441,625 shares.
Before that, Shchegolev Oleg had sold 19,225 shares from its account. In a trade valued at $253,962, the Chief Executive Officer traded SEMrush Holdings Inc shares for $13.21 each. Upon closing the transaction, the insider’s holdings decreased to 19,225 shares, worth approximately $67.23 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 21.93%. Over the course of the year, SEMrush Holdings Inc shares have jumped approximately 11.93%. Shares of the company reached a 52-week high of $15.48 on 05/08/24 and a 52-week low of $9.64 on 03/05/24. A 50-day SMA is recorded $12.40, while a 200-day SMA reached $10.78. Nevertheless, trading volume fell to 0.98 million shares from 1.46 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 14.67, which, if violated, would cause prices to drop to 14.05. In the upper region, resistance lies at 15.68. The next price resistance is at 16.07. RSI (Relative Strength Index) is 76.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 4.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
