Dmitry Melnikov Sells 15,564 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 15,564 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $11.82, for a total transaction of $183,966.48. Following the completion of the transaction, the director now owns 8,807,374 shares in the company, valued at $104,103,160.68. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The shares were 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 stock was sold at an average price of $12.32, for a total value of $425,853.12.
• 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 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 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 transaction of $570,051.00.

Semrush Stock Performance

SEMR traded up $0.04 during trading on Tuesday, reaching $11.88. The company's stock had a trading volume of 257,884 shares, compared to its average volume of 497,584. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 148.52 and a beta of 1.59. The company's fifty day moving average price is $13.37 and its 200-day moving average price is $13.66. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42.

Institutional Trading of Semrush

Institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in Semrush by 19.4% in the third 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 during the period. Renaissance Technologies LLC acquired a new stake in shares of Semrush in the second quarter valued at about $3,732,000. Federated Hermes Inc. lifted its stake in shares of Semrush by 385.0% in 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 during the period. Cubist Systematic Strategies LLC purchased a new stake in Semrush during the second quarter worth about $3,006,000. Finally, Dimensional Fund Advisors LP grew its position in Semrush by 69.5% during the second 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 during the period. 32.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SEMR shares. KeyCorp raised their price objective 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. JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a research 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 research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their target price on Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.50.

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.