Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells 16,467 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 16,467 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $12.26, for a total transaction of $201,885.42. Following the transaction, the director now owns 8,841,297 shares in the company, valued at $108,394,301.22. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 value 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 stock was 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 transaction of $570,051.00.

Semrush Stock Down 2.9 %

Shares of NASDAQ SEMR opened at $11.97 on Friday. The firm has a market cap of $1.76 billion, a P/E ratio of 149.64 and a beta of 1.59. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The company has a 50 day moving average of $13.40 and a 200 day moving average of $13.68.

Analyst Upgrades and Downgrades

Several research firms recently commented on SEMR. KeyCorp boosted their price objective on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC increased its holdings in Semrush by 278.9% in the 3rd 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 in the last quarter. VELA Investment Management LLC bought a new stake in shares of Semrush in the third quarter worth approximately $701,000. Barclays PLC lifted its position 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 during the period. Renaissance Technologies LLC purchased a new stake in Semrush in the second quarter worth approximately $3,732,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Semrush in the 2nd quarter worth approximately $3,006,000. 32.86% of the stock is 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.