Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $16,760.80 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,435 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $11.68, for a total transaction of $16,760.80. Following the transaction, the director now directly owns 1,701,155 shares in the company, valued at $19,869,490.40. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 30th, Dmitry Melnikov sold 15,564 shares of Semrush stock. The shares were sold at an average price of $11.82, for a total transaction of $183,966.48.
• On Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The stock was sold at an average price of $12.26, for a total value of $201,885.42.
• 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 value 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 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 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 transaction of $570,051.00.

Semrush Stock Down 2.0 %

Shares of SEMR stock opened at $11.54 on Friday. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The firm has a market cap of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62. The stock has a 50 day moving average of $13.14 and a 200-day moving average of $13.56.

Analysts Set New Price Targets

Several equities analysts have commented on SEMR shares. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of Semrush in a research report on Monday, November 11th. KeyCorp upped their target price on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report 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 company a “neutral” rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective 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. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Hedge Funds Weigh In On Semrush

Large investors have recently bought and sold shares of the stock. FMR LLC grew its position in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Semrush during the second quarter worth about $3,732,000. Federated Hermes Inc. raised its holdings in Semrush by 385.0% in the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Semrush in the 2nd quarter valued at approximately $3,006,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after purchasing an additional 218,488 shares in the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.