SEMrush Holdings Inc’s recently made public that its Chief Operating Officer Obishchenko Vitalii unloaded Company’s shares for reported $74416.0 on Oct 02 ’24. In the deal valued at $14.97 per share,4,971 shares were sold. As a result of this transaction, Obishchenko Vitalii now holds 843,952 shares worth roughly $11.56 million.
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Then, Shchegolev Oleg sold 8,964 shares, generating $126,751 in total proceeds. Upon selling the shares at $14.14, the Chief Executive Officer now owns 4,378,823 shares.
Before that, Levin Eugenie sold 3,788 shares. SEMrush Holdings Inc shares valued at $53,487 were divested by the President at a price of $14.12 per share. As a result of the transaction, Levin Eugenie now holds 601,892 shares, worth roughly $8.25 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 Monday, SEMrush Holdings Inc [NYSE:SEMR] saw its stock fall -5.06% to $13.70. Over the last five days, the stock has lost -12.79%. SEMrush Holdings Inc shares have risen nearly 0.29% since the year began. Nevertheless, the stocks have risen 71.46% over the past one year. While a 52-week high of $16.42 was reached on 05/21/24, a 52-week low of $7.36 was recorded on 03/05/24. SMA at 50 days reached $14.03, while 200 days put it at $13.34.
Levels Of Support And Resistance For SEMR Stock
The 24-hour chart illustrates a support level at 13.51, which if violated will result in even more drops to 13.33. On the upside, there is a resistance level at 14.06. A further resistance level may holdings at 14.43. The Relative Strength Index (RSI) on the 14-day chart is 41.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.53%. Stochastics %K at 20.25% indicates the stock is a holding.
How much short interest is there in SEMrush Holdings Inc?
A steep rise in short interest was recorded in SEMrush Holdings Inc stocks on 2024-09-13, dropping by -0.49 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.06 million shares. There was a decline of -31.47%, which implies that there is a negative sentiment for the stock.
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.
