Dmitry Melnikov Sells 44,592 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $568,993.92. Following the transaction, the director now owns 8,978,501 shares of the company’s stock, valued at $114,565,672.76. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $13.50, for a total value of $570,051.00.

Semrush Stock Performance

Shares of SEMR opened at $12.20 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 152.52 and a beta of 1.59. The firm has a 50 day moving average price of $13.51 and a 200-day moving average price of $13.79.

Institutional Trading of Semrush

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in shares of Semrush during the second quarter valued at about $123,000. Summit Global Investments purchased a new stake in Semrush during the 2nd quarter valued at about $156,000. DRW Securities LLC bought a new position in Semrush during the 3rd quarter worth approximately $157,000. Virtu Financial LLC purchased a new position in Semrush in the 3rd quarter worth approximately $158,000. Finally, Olympiad Research LP purchased a new position in Semrush in the 3rd quarter worth approximately $159,000. 32.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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