Dmitry Melnikov Sells 15,564 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 15,564 shares of Semrush stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $11.82, for a total transaction of $183,966.48. Following the completion of the transaction, the director now owns 8,807,374 shares of the company’s stock, valued at $104,103,160.68. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The shares were sold at an average price of $12.26, for a total transaction of $201,885.42.
• 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 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 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 transaction 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 transaction of $570,051.00.

Semrush Stock Up 0.3 %

Shares of SEMR stock opened at $11.88 on Thursday. The business has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $13.65. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market cap of $1.74 billion, a P/E ratio of 148.52 and a beta of 1.59.

Institutional Trading of Semrush

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Semrush in the 2nd quarter worth $123,000. DRW Securities LLC bought a new stake in Semrush in the third quarter worth $157,000. Finally, Virtu Financial LLC bought a new stake in Semrush in the third quarter worth $158,000. Institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on SEMR. The Goldman Sachs Group raised their price target on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Semrush in a research note on Monday, November 11th. Finally, KeyCorp lifted their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research 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. According to MarketBeat, Semrush has an average rating of “Moderate Buy” and an average target price of $16.50.

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.