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 stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00. Following the completion of the transaction, the director now owns 9,099,091 shares in the company, valued at approximately $122,837,728.50. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $520,561.80.
• On Wednesday, September 18th, Dmitry Melnikov sold 64,140 shares of Semrush stock. The shares were sold at an average price of $14.59, for a total transaction of $935,802.60.

Semrush Trading Up 1.0 %

SEMR traded up $0.13 during trading on Monday, hitting $13.44. The company’s stock had a trading volume of 501,551 shares, compared to its average volume of 503,088. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 166.27 and a beta of 1.59. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The business’s fifty day simple moving average is $13.58 and its 200 day simple moving average is $13.87.

Analyst Ratings Changes

SEMR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Finally, KeyCorp raised their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Semrush has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Institutional Investors Weigh In On Semrush

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Semrush during the 2nd quarter worth about $3,732,000. Federated Hermes Inc. lifted its stake in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after buying an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Semrush in the 2nd quarter worth about $3,006,000. Finally, Dimensional Fund Advisors LP increased its stake in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares in the last quarter. Institutional investors and hedge funds own 32.86% of the company’s stock.

Semrush Company Profile

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.