Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,435 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,435 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 directly owns 1,701,155 shares in the company, valued at $19,869,490.40. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 shares were sold at an average price of $12.26, for a total transaction 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 transaction 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 value 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 transaction of $520,561.80.
• On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The shares were sold at an average price of $13.50, for a total transaction of $570,051.00.

Semrush Stock Down 2.0 %

Shares of Semrush stock opened at $11.54 on Friday. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The stock’s fifty day moving average is $13.14 and its 200-day moving average is $13.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. KeyCorp increased 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. The Goldman Sachs Group boosted their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their target price on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Two 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 target price of $16.50.

Institutional Trading of Semrush

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new position in shares of Semrush in the second quarter worth about $123,000. DRW Securities LLC purchased a new stake in shares of Semrush in the 3rd quarter valued at approximately $157,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter worth approximately $158,000. Olympiad Research LP purchased a new position in Semrush during the 3rd quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company raised its stake in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.