Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 37,910 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 37,910 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.22, for a total value of $463,260.20. Following the sale, the director now owns 8,902,691 shares of the company's stock, valued at approximately $108,790,884.02. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 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 value of $520,561.80.
• On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00.

Semrush Trading Up 2.3 %

Shares of NASDAQ SEMR traded up $0.28 during trading on Monday, reaching $12.48. 432,420 shares of the company traded hands, compared to its average volume of 503,143. The stock has a market cap of $1.83 billion, a P/E ratio of 156.02 and a beta of 1.59. The firm's fifty day simple moving average is $13.51 and its 200 day simple moving average is $13.77. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently bought and sold shares of SEMR. Point72 Asset Management L.P. acquired a new stake in shares of Semrush during the 2nd quarter worth approximately $123,000. DRW Securities LLC acquired a new stake in Semrush during the third quarter valued at $157,000. Virtu Financial LLC purchased a new position in Semrush in the third quarter valued at $158,000. Olympiad Research LP acquired a new position in shares of Semrush in the third quarter worth about $159,000. Finally, Versor Investments LP purchased a new stake in shares of Semrush during the 2nd quarter worth about $174,000. 32.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SEMR shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. 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 note on Wednesday, October 2nd. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Semrush presently has a consensus rating of "Moderate Buy" and an average target price 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.