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

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 16,467 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 8,841,297 shares in the company, valued at $108,394,301.22. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction 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 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 shares were sold at an average price of $13.50, for a total value of $570,051.00.

Semrush Stock Performance

Shares of NASDAQ:SEMR traded down $0.36 during midday trading on Friday, hitting $11.97. 317,099 shares of the stock were exchanged, compared to its average volume of 499,750. The business’s 50-day moving average price is $13.44 and its 200 day moving average price is $13.71. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 149.64 and a beta of 1.59. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SEMR. The Goldman Sachs Group raised their price objective on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. KeyCorp raised their price target on shares of Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Semrush currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Institutional Investors Weigh In On Semrush

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Semrush in the third quarter valued at $454,000. Virtu Financial LLC bought a new position in Semrush during the 3rd quarter worth $158,000. Barclays PLC lifted its holdings in Semrush by 115.2% during the 3rd quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after buying an additional 54,830 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after buying an additional 36,173 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

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.