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 firm’s stock in a transaction that occurred 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 owns 8,868,125 shares in the company, valued at $109,255,300. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 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 Down 1.3 %

SEMR opened at $12.32 on Thursday. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market capitalization of $1.81 billion, a P/E ratio of 154.02 and a beta of 1.59. The stock has a fifty day moving average of $13.45 and a 200-day moving average of $13.72.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group increased 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. KeyCorp lifted their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target 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 stock. According to data from MarketBeat.com, Semrush presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Institutional Investors Weigh In On Semrush

Several hedge funds have recently bought and sold shares of SEMR. FMR LLC grew its stake in Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after acquiring an additional 467,517 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Semrush during the second quarter worth approximately $3,732,000. Federated Hermes Inc. grew its position in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Semrush in the 2nd quarter valued at approximately $3,006,000. Finally, Dimensional Fund Advisors LP lifted its position in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other 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.