Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells 1,405 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,405 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.45, for a total transaction of $13,277.25. Following the transaction, the director now owns 2,609,939 shares in the company, valued at approximately $24,663,923.55. This trade represents a 0.05 % decrease in their position. 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 Tuesday, January 7th, Dmitry Melnikov sold 1,435 shares of Semrush stock. The shares were sold at an average price of $11.68, for a total transaction of $16,760.80.

Semrush Stock Down 4.5 %

SEMR opened at $8.50 on Friday. The company has a market capitalization of $1.25 billion, a PE ratio of 106.26 and a beta of 1.80. The firm has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $13.53. Semrush Holdings, Inc. has a 52 week low of $8.24 and a 52 week high of $18.74.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Wednesday, January 15th. Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $20.00 in a research note on Monday, January 13th. Northland Securities began coverage on shares of Semrush in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Finally, Jefferies Financial Group lifted their price target on shares of Semrush from $17.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Semrush currently has a consensus rating of “Buy” and an average price target of $18.14.

Hedge Funds Weigh In On Semrush

Several hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its holdings in shares of Semrush by 278.9% in the third quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock worth $2,113,000 after buying an additional 99,021 shares during the period. Barclays PLC increased its stake in Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after purchasing an additional 54,830 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Semrush during the fourth quarter worth $6,869,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Semrush by 166.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 103,221 shares of the company’s stock valued at $1,226,000 after purchasing an additional 64,514 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Semrush by 329.4% in the fourth quarter. SG Americas Securities LLC now owns 56,089 shares of the company’s stock worth $666,000 after purchasing an additional 43,027 shares during the last quarter. 32.86% of the stock is currently owned by 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.