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 $786,240 were sold by Levin Eugenie on Dec 02 ’24. At $13.65 per share, Levin Eugenie sold 57,600 shares. The insider’s holdings dropped to 601,892 shares worth approximately $8.53 million following the completion of this transaction.
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Also, Levin Eugenie sold 14,400 shares, netting a total of over 201,888 in proceeds. Following the sale of shares at $14.02 each, the insider now holds 587,492 shares.
Before that, EUGENE LEVIN had added 14,400 shares to its account. In a trade valued at $198,288, the Officer bought SEMrush Holdings Inc shares for $13.77 each.
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 2.46%. Over the course of the year, SEMrush Holdings Inc shares have jumped approximately 3.81%. 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 $13.76, while a 200-day SMA reached $13.58. Nevertheless, trading volume fell to 0.55 million shares from 0.31 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 13.86, which, if violated, would cause prices to drop to 13.53. In the upper region, resistance lies at 14.38. The next price resistance is at 14.58. RSI (Relative Strength Index) is 55.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 44.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
