Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $568,993.92 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 44,592 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the completion of the sale, the director now directly owns 8,978,501 shares in the company, valued at $114,565,672.76. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $13.42, for a total transaction 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 Trading Down 1.3 %

Shares of Semrush stock opened at $12.20 on Friday. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 152.52 and a beta of 1.59. The business’s 50 day simple moving average is $13.51 and its 200-day simple moving average is $13.79.

Institutional Investors Weigh In On Semrush

Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in shares of Semrush during the second quarter valued at $123,000. DRW Securities LLC acquired a new stake in shares of Semrush in the 3rd quarter worth about $157,000. Virtu Financial LLC bought a new stake in Semrush in the 3rd quarter valued at about $158,000. Olympiad Research LP acquired a new position in Semrush during the 3rd quarter valued at about $159,000. Finally, Summit Global Investments bought a new position in Semrush in the 2nd quarter worth about $156,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on SEMR shares. JPMorgan Chase & Co. upped their price objective on 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 upped 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. KeyCorp lifted their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price 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 company’s stock. Based on data from MarketBeat.com, the stock 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.