Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $16,760.80 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,435 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $11.68, for a total value of $16,760.80. Following the completion of the sale, the director now owns 1,701,155 shares in the company, valued at approximately $19,869,490.40. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 30th, Dmitry Melnikov sold 15,564 shares of Semrush stock. The shares were sold at an average price of $11.82, for a total transaction of $183,966.48.
• On Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The stock was sold at an average price of $12.26, for a total value of $201,885.42.
• 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 Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The stock was 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 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 Stock Down 2.0 %

Shares of SEMR stock traded down $0.23 on Friday, reaching $11.54. The company had a trading volume of 422,849 shares, compared to its average volume of 545,341. The stock has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The business’s 50-day moving average is $13.14 and its 200 day moving average is $13.56. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42.

Institutional Trading of Semrush

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Semrush during the 2nd quarter valued at $123,000. DRW Securities LLC bought a new position in Semrush in the third quarter valued at about $157,000. Virtu Financial LLC bought a new position in Semrush in the third quarter valued at about $158,000. Olympiad Research LP acquired a new stake in shares of Semrush during the third quarter valued at about $159,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Semrush by 28.4% during 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 last quarter. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Monday, November 11th. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.