Dmitry Melnikov Sells 37,910 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 37,910 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.22, for a total value of $463,260.20. Following the transaction, the director now directly owns 8,902,691 shares of the company’s stock, valued at $108,790,884.02. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a 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 shares were sold at an average price of $12.32, for a total value of $425,853.12.
• On Wednesday, December 18th, Dmitry Melnikov sold 44,592 shares of Semrush stock. The shares were sold at an average price of $12.76, for a total transaction 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 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 Price Performance

SEMR stock traded up $0.28 during midday trading on Monday, reaching $12.48. 432,420 shares of the company’s stock traded hands, compared to its average volume of 503,143. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The business has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $13.77. The company has a market capitalization of $1.83 billion, a P/E ratio of 156.02 and a beta of 1.59.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Semrush

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Semrush in the second quarter valued at about $123,000. DRW Securities LLC acquired a new position in Semrush during the 3rd quarter worth approximately $157,000. Virtu Financial LLC acquired a new position in Semrush during the 3rd quarter worth approximately $158,000. Olympiad Research LP purchased a new position in Semrush in the 3rd quarter worth approximately $159,000. Finally, Versor Investments LP acquired a new stake in Semrush in the second quarter valued at approximately $174,000. 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.