Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SEMrush Holdings Inc shares valued at $37,386 were sold by Mulroy Brian on Jan 13 ’25. At $12.40 per share, Mulroy Brian sold 3,015 shares. The insider’s holdings dropped to 430,196 shares worth approximately $6.52 million following the completion of this transaction.
Also, Warden Andrew sold 8,462 shares, netting a total of over 99,090 in proceeds. Following the sale of shares at $11.71 each, the insider now holds 276,656 shares.
Before that, Melnikov Dmitry had sold 1,435 shares from its account. In a trade valued at $16,761, the Director traded SEMrush Holdings Inc shares for $11.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,435 shares, worth approximately $25.77 million.
As published in their initiating research note from Northland Capital on January 14, 2025, SEMrush Holdings Inc [SEMR] has been an Outperform and the price target has been revised to $18. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. As of March 21, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for SEMR.
Analyzing SEMR Stock Performance
During the last five days, there has been a surge of approximately 28.72%. Over the course of the year, SEMrush Holdings Inc shares have jumped approximately 27.53%. Shares of the company reached a 52-week high of $15.26 on 01/16/25 and a 52-week low of $11.39 on 01/02/25. A 50-day SMA is recorded $13.27, while a 200-day SMA reached $13.70. Nevertheless, trading volume fell to 0.57 million shares from 0.95 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 14.79, which, if violated, would cause prices to drop to 14.42. In the upper region, resistance lies at 15.39. The next price resistance is at 15.62. RSI (Relative Strength Index) is 73.20 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.95, which suggests the price will increase in the coming days. Percent R is at 2.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
