Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $201,885.42 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 16,467 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $12.26, for a total transaction of $201,885.42. Following the completion of the transaction, the director now owns 8,841,297 shares in the company, valued at $108,394,301.22. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 23rd, Dmitry Melnikov sold 34,566 shares of Semrush stock. The stock was sold at an average price of $12.32, for a total transaction of $425,853.12.
• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The shares were sold at an average price of $12.22, for a total value of $463,260.20.
• On Wednesday, December 18th, Dmitry Melnikov sold 44,592 shares of Semrush stock. The stock was sold at an average price of $12.76, for a total value of $568,993.92.
• On Monday, December 16th, Dmitry Melnikov sold 38,790 shares of Semrush stock. The stock was sold at an average price of $13.42, for a total value of $520,561.80.
• On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00.

Semrush Stock Down 2.9 %

Shares of SEMR opened at $11.97 on Monday. The company has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $13.68. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 149.64 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.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC grew its position in Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after acquiring an additional 99,021 shares during the period. Barclays PLC boosted its stake in shares of Semrush by 115.2% in the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares in the last quarter. VELA Investment Management LLC bought a new stake in shares of Semrush in the 3rd quarter worth about $701,000. Renaissance Technologies LLC acquired a new stake in shares of Semrush during the 2nd quarter worth about $3,732,000. Finally, Cubist Systematic Strategies LLC bought a new position in Semrush during the 2nd quarter valued at about $3,006,000. Institutional investors 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.