Dmitry Melnikov Sells 34,566 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 34,566 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $12.32, for a total transaction of $425,853.12. Following the transaction, the director now directly owns 8,868,125 shares in the company, valued at approximately $109,255,300. This represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The shares were 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 stock was 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 Stock Performance

SEMR stock opened at $12.32 on Wednesday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 154.02 and a beta of 1.59. The business’s 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.73. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42.

Hedge Funds Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. bought a new stake in shares of Semrush during the 2nd quarter valued at $123,000. DRW Securities LLC purchased a new position in Semrush during the 3rd quarter valued at about $157,000. Virtu Financial LLC purchased a new stake in Semrush in the third quarter worth about $158,000. Olympiad Research LP bought a new position in shares of Semrush during the third quarter valued at approximately $159,000. Finally, Versor Investments LP purchased a new position in shares of Semrush during the second quarter valued at approximately $174,000. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. The Goldman Sachs Group raised their target price 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. upped their price target on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp lifted their price objective on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.