Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $183,966.48 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 15,564 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $11.82, for a total value of $183,966.48. Following the sale, the director now owns 8,807,374 shares in the company, valued at approximately $104,103,160.68. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The stock was 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 shares were sold at an average price of $12.32, for a total transaction of $425,853.12.
• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The stock was sold at an average price of $12.22, for a total transaction 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 stock was 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 Price Performance

Shares of SEMR opened at $11.73 on Friday. The stock has a 50-day moving average of $13.30 and a 200-day moving average of $13.63. The company has a market cap of $1.72 billion, a PE ratio of 146.64 and a beta of 1.59. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42.

Analysts Set New Price Targets

SEMR has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group boosted their target price 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. increased their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Semrush currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after buying an additional 467,517 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the 2nd quarter worth about $3,732,000. Federated Hermes Inc. lifted its position in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Semrush during the 2nd quarter valued at about $3,006,000. Finally, Dimensional Fund Advisors LP increased its holdings in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares in the last quarter. 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.