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 dated Wednesday, December 18th. The stock was 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 of the company’s stock, valued at $114,565,672.76. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 value 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 value of $570,051.00.

Semrush Stock Down 1.3 %

NASDAQ SEMR opened at $12.20 on Friday. The company has a market cap of $1.79 billion, a PE ratio of 152.52 and a beta of 1.59. Semrush Holdings, Inc. has a 52 week low of $9.64 and a 52 week high of $16.42. The firm’s 50-day simple moving average is $13.51 and its two-hundred day simple moving average is $13.79.

Analysts Set New Price Targets

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

Institutional Trading of Semrush

A number of institutional investors have recently modified their holdings of SEMR. FMR LLC grew its stake in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Semrush in the second quarter valued at $3,732,000. Federated Hermes Inc. grew its position in shares of Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Semrush during the 2nd quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP boosted its stake in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares during the period. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

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.