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 $116,308 were purchased by Vranesh Mark on Oct 01 ’24. At $15.51 per share, Vranesh Mark acquired 7,500 shares.
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Also, Melnikov Dmitry sold 64,140 shares, netting a total of over 935,803 in proceeds. Following the sale of shares at $14.59 each, the insider now holds 9,227,898 shares.
Before that, Melnikov Dmitry had sold 44,239 shares from its account. In a trade valued at $667,124, the Director traded SEMrush Holdings Inc shares for $15.08 each. Upon closing the transaction, the insider’s holdings decreased to 44,239 shares, worth approximately $130.59 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 drop of approximately -7.90%. Over the course of the year, SEMrush Holdings Inc shares have jumped approximately 4.10%. Shares of the company reached a 52-week high of $16.42 on 05/21/24 and a 52-week low of $9.64 on 03/05/24. A 50-day SMA is recorded $14.05, while a 200-day SMA reached $13.31. Nevertheless, trading volume fell to 0.75 million shares from 0.24 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 13.50, which, if violated, would cause prices to drop to 12.78. In the upper region, resistance lies at 15.39. The next price resistance is at 16.56. RSI (Relative Strength Index) is 47.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
