Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 37,910 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 37,910 shares of Semrush stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.22, for a total transaction of $463,260.20. Following the transaction, the director now owns 8,902,691 shares in the company, valued at approximately $108,790,884.02. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $12.32, for a total value of $425,853.12.
• 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 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 Trading Up 2.3 %

Shares of NASDAQ:SEMR opened at $12.48 on Tuesday. The stock has a market capitalization of $1.83 billion, a PE ratio of 156.02 and a beta of 1.59. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The firm has a fifty day moving average price of $13.51 and a 200 day moving average price of $13.77.

Wall Street Analysts Forecast Growth

SEMR has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. KeyCorp increased their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Institutional Trading of Semrush

Several large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in Semrush by 28.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Semrush in the second quarter worth $123,000. DRW Securities LLC bought a new stake in shares of Semrush during the 3rd quarter worth $157,000. Virtu Financial LLC acquired a new position in Semrush in the 3rd quarter valued at $158,000. Finally, Olympiad Research LP bought a new position in Semrush in the 3rd quarter worth $159,000. 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.