Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $570,051.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $13.50, for a total transaction of $570,051.00. Following the sale, the director now directly owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 16th, Dmitry Melnikov sold 38,790 shares of Semrush stock. The shares were sold at an average price of $13.42, for a total value of $520,561.80.
• On Wednesday, September 18th, Dmitry Melnikov sold 64,140 shares of Semrush stock. The stock was sold at an average price of $14.59, for a total value of $935,802.60.

Semrush Stock Down 6.1 %

NASDAQ SEMR opened at $12.38 on Thursday. The stock has a market capitalization of $1.82 billion, a PE ratio of 154.77 and a beta of 1.59. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The company has a 50 day moving average price of $13.54 and a two-hundred day moving average price of $13.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in Semrush during the second quarter worth $123,000. Summit Global Investments acquired a new stake in shares of Semrush in the second quarter worth about $156,000. DRW Securities LLC bought a new stake in shares of Semrush during the 3rd quarter worth about $157,000. Virtu Financial LLC acquired a new position in shares of Semrush during the 3rd quarter valued at about $158,000. Finally, Olympiad Research LP bought a new position in shares of Semrush in the 3rd quarter valued at approximately $159,000. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp upped their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

About Semrush

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.