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 $55,196 were sold by Mulroy Brian on Oct 11 ’24. At $13.12 per share, Mulroy Brian sold 4,207 shares. The insider’s holdings dropped to 433,211 shares worth approximately $5.74 million following the completion of this transaction.
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Also, Obishchenko Vitalii sold 4,971 shares, netting a total of over 74,416 in proceeds. Following the sale of shares at $14.97 each, the insider now holds 843,952 shares.
Before that, Shchegolev Oleg had sold 8,964 shares from its account. In a trade valued at $126,751, the Chief Executive Officer traded SEMrush Holdings Inc shares for $14.14 each. Upon closing the transaction, the insider’s holdings decreased to 8,964 shares, worth approximately $57.98 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 1.22%. Over the course of the year, SEMrush Holdings Inc shares have dropped approximately -3.07%. 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 $13.93, while a 200-day SMA reached $13.33. Nevertheless, trading volume fell to 0.57 million shares from 0.27 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 13.01, which, if violated, would cause prices to drop to 12.77. In the upper region, resistance lies at 13.56. The next price resistance is at 13.87. RSI (Relative Strength Index) is 39.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 89.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
