Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $425,853.12 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 34,566 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $12.32, for a total transaction of $425,853.12. Following the completion of the sale, the director now directly owns 8,868,125 shares of the company’s stock, valued at $109,255,300. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The shares were sold at an average price of $12.22, for a total transaction of $463,260.20.
• On Wednesday, December 18th, Dmitry Melnikov sold 44,592 shares of Semrush stock. The stock was 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 shares were 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 %

SEMR stock opened at $12.32 on Thursday. The stock has a market cap of $1.81 billion, a PE ratio of 154.02 and a beta of 1.59. The firm’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $13.72. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42.

Institutional Investors Weigh In On Semrush

Several large investors have recently made changes to their positions in SEMR. Point72 Asset Management L.P. acquired a new position in shares of Semrush during the second quarter worth approximately $123,000. DRW Securities LLC acquired a new position in Semrush during the 3rd quarter worth $157,000. Virtu Financial LLC acquired a new position in Semrush during the 3rd quarter worth $158,000. Olympiad Research LP bought a new position in shares of Semrush in the third quarter worth $159,000. Finally, Versor Investments LP acquired a new position in shares of Semrush during the second quarter valued at $174,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SEMR shares. The Goldman Sachs Group lifted their price target 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. KeyCorp upped their target price on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.