Dmitry Melnikov Sells 10,000 Shares of SEMrush Holdings, Inc. (NASDAQ:SEMR) Stock

SEMrush Holdings, Inc. (NASDAQ:SEMR) COO Dmitry Melnikov sold 10,000 shares of SEMrush stock in a transaction on Monday, October 11th. The stock was sold at an average price of $24.43, for a total transaction of $244,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dmitry Melnikov also recently made the following trade(s):

  • On Thursday, October 7th, Dmitry Melnikov sold 9,900 shares of SEMrush stock. The shares were sold at an average price of $24.26, for a total transaction of $240,174.00.

Shares of SEMR stock opened at $23.43 on Thursday. The company’s fifty day simple moving average is $24.44 and its two-hundred day simple moving average is $20.27. SEMrush Holdings, Inc. has a 52 week low of $10.62 and a 52 week high of $32.48.

SEMR has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of SEMrush from $27.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, September 8th. Stifel Nicolaus lifted their target price on shares of SEMrush from $20.00 to $25.00 and gave the company a “hold” rating in a research note on Monday. Finally, Zacks Investment Research cut shares of SEMrush from a “buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.36.

Several institutional investors have recently bought and sold shares of SEMR. Clearbridge Investments LLC bought a new stake in shares of SEMrush in the 2nd quarter worth about $35,360,000. Cat Rock Capital Management LP bought a new stake in shares of SEMrush in the 2nd quarter worth about $34,593,000. Fred Alger Management LLC bought a new position in SEMrush during the 1st quarter valued at about $13,116,000. Vanguard Group Inc. grew its holdings in SEMrush by 803.3% during the 2nd quarter. Vanguard Group Inc. now owns 903,309 shares of the company’s stock valued at $20,794,000 after purchasing an additional 803,309 shares during the last quarter. Finally, First Sabrepoint Capital Management LP bought a new position in SEMrush during the 2nd quarter valued at about $18,433,000. Hedge funds and other institutional investors own 7.53% of the company’s stock.

SEMrush Company Profile

SEMrush Holdings, Inc develops online visibility management software as a service (SaaS) platform. It helps businesses to run search engine optimization, pay-per-click, content, social media, and competitive research campaigns. The company offers insights and solutions to build, manage, and measure campaigns across various marketing channels.

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Insider Buying and Selling by Quarter for SEMrush (NASDAQ:SEMR)

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