Dmitry Melnikov Sells 37,910 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 37,910 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $12.22, for a total value of $463,260.20. Following the completion of the sale, the director now owns 8,902,691 shares of the company’s stock, valued at approximately $108,790,884.02. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 Stock Up 2.3 %

Shares of NASDAQ SEMR traded up $0.28 during midday trading on Monday, hitting $12.48. The company had a trading volume of 432,420 shares, compared to its average volume of 503,143. The business has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $13.77. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 156.02 and a beta of 1.59.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in Semrush by 19.4% during the third 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. Wellington Management Group LLP raised its stake in shares of Semrush by 12.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after buying an additional 168,400 shares during the last quarter. State Street Corp boosted its position in shares of Semrush by 1.4% in the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after buying an additional 13,374 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 acquiring an additional 36,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after acquiring an additional 218,488 shares in the last quarter. 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.