Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $520,561.80 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 38,790 shares of Semrush stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $13.42, for a total value of $520,561.80. Following the completion of the sale, the director now owns 9,060,301 shares of the company’s stock, valued at $121,589,239.42. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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.
• 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 Stock Performance

NASDAQ:SEMR opened at $13.18 on Wednesday. The stock has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $13.84. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The firm has a market capitalization of $1.93 billion, a PE ratio of 164.75 and a beta of 1.59.

Institutional Investors Weigh In On Semrush

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEMR. The Manufacturers Life Insurance Company boosted its position in shares of Semrush by 28.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter valued at $123,000. DRW Securities LLC bought a new position in Semrush in the 3rd quarter worth $157,000. Virtu Financial LLC purchased a new stake in Semrush in the 3rd quarter worth $158,000. Finally, Olympiad Research LP bought a new stake in Semrush during the third quarter valued at about $159,000. 32.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SEMR shares. KeyCorp boosted their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a 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 increased their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Semrush has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

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.