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 company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $12.32, for a total transaction of $425,853.12. Following the completion of the transaction, the director now owns 8,868,125 shares in the company, valued at approximately $109,255,300. The trade was a 0.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 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 Price Performance

Shares of Semrush stock opened at $12.32 on Wednesday. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42. The company’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $13.73. The stock has a market capitalization of $1.81 billion, a PE ratio of 154.02 and a beta of 1.59.

Analyst Ratings Changes

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

Institutional Trading of Semrush

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in shares of Semrush during the 3rd quarter valued at about $454,000. Virtu Financial LLC bought a new stake in Semrush during the 3rd quarter worth approximately $158,000. Barclays PLC lifted its holdings in Semrush by 115.2% during the third 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 36,173 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Semrush in the third quarter worth $608,000. Institutional investors 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.