Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 44,592 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction that occurred on 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 owns 8,978,501 shares in the company, valued at $114,565,672.76. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $13.50, for a total value of $570,051.00.

Semrush Price Performance

SEMR stock opened at $12.36 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $13.82. The company has a market cap of $1.81 billion, a P/E ratio of 154.52 and a beta of 1.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SEMR. Principal Financial Group Inc. bought a new stake in shares of Semrush during the 3rd quarter valued at $454,000. Virtu Financial LLC bought a new position in Semrush in the 3rd quarter worth about $158,000. Barclays PLC grew its position in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock valued at $1,609,000 after purchasing an additional 54,830 shares during the last quarter. Geode Capital Management LLC raised its holdings in Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after buying an additional 36,173 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Semrush in the third quarter worth approximately $608,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

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

Semrush Company Profile

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.