Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $425,853.12 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 34,566 shares of Semrush stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $12.32, for a total value of $425,853.12. Following the completion of the transaction, the director now directly owns 8,868,125 shares of the company's stock, valued at approximately $109,255,300. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 value of $570,051.00.

Semrush Trading Up 2.3 %

SEMR stock traded up $0.28 during trading on Monday, hitting $12.48. 432,420 shares of the company's stock were exchanged, compared to its average volume of 503,143. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 156.02 and a beta of 1.59. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The business has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $13.77.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Verition Fund Management LLC raised its stake in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company's stock worth $2,113,000 after acquiring an additional 99,021 shares in the last quarter. VELA Investment Management LLC acquired a new stake in shares of Semrush during the third quarter worth about $701,000. Renaissance Technologies LLC purchased a new stake in shares of Semrush in the 2nd quarter valued at about $3,732,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Semrush in the 2nd quarter valued at about $3,006,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Semrush in the 3rd quarter valued at about $1,060,000. Institutional investors and hedge funds own 32.86% of the company's stock.

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.