Dmitry Melnikov Sells 44,592 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 44,592 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total value of $568,993.92. Following the transaction, the director now owns 8,978,501 shares in the company, valued at $114,565,672.76. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 Stock Down 1.3 %

Shares of NASDAQ:SEMR opened at $12.20 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 152.52 and a beta of 1.59. The company has a 50 day moving average of $13.51 and a two-hundred day moving average of $13.79. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SEMR shares. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group boosted their price objective 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. KeyCorp raised their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Investors Weigh In On Semrush

A number of large investors have recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. acquired a new position in Semrush in the 2nd quarter worth $123,000. DRW Securities LLC acquired a new stake in shares of Semrush during the third quarter valued at about $157,000. Virtu Financial LLC purchased a new stake in shares of Semrush during the third quarter worth about $158,000. Olympiad Research LP acquired a new position in shares of Semrush in the third quarter worth about $159,000. Finally, Summit Global Investments purchased a new position in Semrush in the second quarter valued at about $156,000. 32.86% of the stock is owned by institutional investors and hedge funds.

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.