Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $13,277.25 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,405 shares of Semrush stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.45, for a total value of $13,277.25. Following the sale, the director now directly owns 2,609,939 shares in the company, valued at $24,663,923.55. The trade was a 0.05 % decrease in their position. The sale 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 Tuesday, January 7th, Dmitry Melnikov sold 1,435 shares of Semrush stock. The stock was sold at an average price of $11.68, for a total value of $16,760.80.

Semrush Stock Performance

Semrush stock opened at $8.50 on Friday. The business’s fifty day moving average is $13.31 and its two-hundred day moving average is $13.53. The firm has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80. Semrush Holdings, Inc. has a 52 week low of $8.24 and a 52 week high of $18.74.

Analyst Ratings Changes

A number of equities analysts have recently commented on SEMR shares. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Wednesday, January 15th. Northland Securities assumed coverage on Semrush in a research report on Tuesday, January 14th. They set an “outperform” rating and a $18.00 target price for the company. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $17.00 to $20.00 in a research report on Monday, January 13th. Finally, The Goldman Sachs Group cut their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Semrush currently has an average rating of “Buy” and an average target price of $18.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEMR. US Bancorp DE raised its stake in shares of Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after acquiring an additional 3,446 shares during the last quarter. Quarry LP grew its stake in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after purchasing an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank raised its position in Semrush by 14.6% in the 4th quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after purchasing an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Semrush in the 4th quarter valued at $86,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.