Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 16,467 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 16,467 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $12.26, for a total value of $201,885.42. Following the transaction, the director now owns 8,841,297 shares in the company, valued at approximately $108,394,301.22. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 shares were sold at an average price of $12.76, for a total transaction 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 Trading Down 2.9 %

SEMR traded down $0.36 during trading on Friday, reaching $11.97. The stock had a trading volume of 317,099 shares, compared to its average volume of 499,750. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 149.64 and a beta of 1.59. The stock's 50 day moving average is $13.40 and its two-hundred day moving average is $13.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Semrush in the second quarter worth about $123,000. DRW Securities LLC bought a new stake in shares of Semrush in the 3rd quarter worth approximately $157,000. Virtu Financial LLC purchased a new stake in shares of Semrush in the 3rd quarter worth approximately $158,000. Olympiad Research LP bought a new position in Semrush during the 3rd quarter valued at approximately $159,000. Finally, Versor Investments LP purchased a new position in Semrush during the second quarter valued at $174,000. 32.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. KeyCorp lifted their price target on shares of Semrush from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Semrush from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Semrush presently has an average rating of "Moderate Buy" and an average price target of $16.50.

Semrush Company Profile

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.