Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,405 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 1,405 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.45, for a total transaction of $13,277.25. Following the completion of the transaction, the director now directly owns 2,609,939 shares of the company's stock, valued at approximately $24,663,923.55. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Semrush Stock Performance

SEMR stock traded up $0.11 during midday trading on Wednesday, hitting $8.40. 147,404 shares of the company's stock were exchanged, compared to its average volume of 537,306. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The company has a market cap of $1.23 billion, a PE ratio of 103.78 and a beta of 1.80. The stock's fifty day moving average price is $12.79 and its 200-day moving average price is $13.39.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SEMR. Jefferies Financial Group boosted their target price on Semrush from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Northland Securities initiated coverage on shares of Semrush in a research report on Tuesday, January 14th. They set an "outperform" rating and a $18.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, January 15th. Northland Capmk upgraded shares of Semrush to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley upgraded shares of Semrush from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $17.00 to $20.00 in a research report on Monday, January 13th. 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. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $18.14.

Hedge Funds Weigh In On Semrush

Several institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in Semrush by 2,127.2% in the fourth quarter. US Bancorp DE now owns 3,608 shares of the company's stock valued at $43,000 after buying an additional 3,446 shares in the last quarter. Quarry LP increased its holdings in Semrush by 504.8% during the 4th quarter. Quarry LP now owns 4,300 shares of the company's stock worth $51,000 after purchasing an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Semrush in the 4th quarter valued at about $71,000. Comerica Bank lifted 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 in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Semrush during the fourth quarter worth about $86,000. 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.