Dmitry Melnikov Sells 64,140 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 64,140 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total value of $935,802.60. Following the completion of the sale, the director now directly owns 9,227,898 shares of the company’s stock, valued at $134,635,031.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 29th, Dmitry Melnikov sold 10,011 shares of Semrush stock. The shares were sold at an average price of $14.02, for a total value of $140,354.22.
• On Friday, August 16th, Dmitry Melnikov sold 8,666 shares of Semrush stock. The shares were sold at an average price of $14.00, for a total value of $121,324.00.
• On Friday, July 5th, Dmitry Melnikov sold 1,896 shares of Semrush stock. The shares were sold at an average price of $13.63, for a total value of $25,842.48.

Semrush Stock Down 0.3 %

SEMR opened at $15.21 on Friday. The business has a 50 day moving average price of $13.84 and a two-hundred day moving average price of $13.57. The company has a market cap of $2.23 billion, a PE ratio of 170.33 and a beta of 1.57. Semrush Holdings, Inc. has a 52 week low of $7.36 and a 52 week high of $16.42.

Semrush (NASDAQ:SEMR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $90.95 million for the quarter, compared to analysts’ expectations of $89.70 million. Semrush had a net margin of 4.39% and a return on equity of 6.61%. As a group, sell-side analysts expect that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SEMR. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Semrush in a research report on Wednesday, August 7th. KeyCorp upped their target price on Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Semrush currently has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Hedge Funds Weigh In On Semrush

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in shares of Semrush by 20.9% during the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock worth $123,000 after buying an additional 1,563 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after buying an additional 3,706 shares in the last quarter. Swiss National Bank raised its stake in shares of Semrush by 8.1% during the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after buying an additional 5,300 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Semrush during the 2nd quarter worth approximately $123,000. Finally, Algert Global LLC raised its stake in shares of Semrush by 13.8% during the 2nd quarter. Algert Global LLC now owns 84,931 shares of the company’s stock worth $1,137,000 after buying an additional 10,282 shares in the last quarter. 32.86% of the stock is owned by hedge funds and other 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.