Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $13,277.25 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,405 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $9.45, for a total value of $13,277.25. Following the completion of the sale, the director now owns 2,609,939 shares in the company, valued at approximately $24,663,923.55. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 7th, Dmitry Melnikov sold 1,435 shares of Semrush stock. The shares were sold at an average price of $11.68, for a total value of $16,760.80.

Semrush Stock Down 4.5 %

NASDAQ:SEMR opened at $8.50 on Monday. Semrush Holdings, Inc. has a 12-month low of $7.49 and a 12-month high of $18.74. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 106.26 and a beta of 1.80. The stock’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $13.52.

Institutional Investors Weigh In On Semrush

A number of large investors have recently added to or reduced their stakes in SEMR. Comerica Bank increased its holdings in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock valued at $75,000 after purchasing an additional 801 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Semrush by 3.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 25,128 shares of the company’s stock valued at $299,000 after buying an additional 830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Semrush by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,772 shares of the company’s stock valued at $247,000 after acquiring an additional 912 shares during the period. Magnetar Financial LLC lifted its position in Semrush by 6.3% during the fourth quarter. Magnetar Financial LLC now owns 15,653 shares of the company’s stock worth $186,000 after acquiring an additional 933 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Semrush by 11.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,028 shares of the company’s stock worth $274,000 after acquiring an additional 2,421 shares during the period. Institutional investors own 32.86% of the company’s stock.

Wall Street Analyst Weigh In

SEMR has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Northland Securities began coverage on Semrush in a report on Tuesday, January 14th. They issued an “outperform” rating and a $18.00 price objective for the company. The Goldman Sachs Group dropped their target price on Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Finally, Jefferies Financial Group raised their price target on Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Semrush currently has an average rating of “Buy” and an average target price of $18.14.

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.