Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,405 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,405 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.45, for a total transaction of $13,277.25. Following the completion of the transaction, the director now owns 2,609,939 shares in the company, valued at approximately $24,663,923.55. This represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, January 7th, Dmitry Melnikov sold 1,435 shares of Semrush stock. The shares were sold at an average price of $11.68, for a total transaction of $16,760.80.

Semrush Trading Down 4.5 %

NASDAQ SEMR opened at $8.50 on Friday. Semrush Holdings, Inc. has a 1 year low of $8.24 and a 1 year high of $18.74. The company has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $13.53. The company has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80.

Institutional Investors Weigh In On Semrush

Hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Semrush by 2,127.2% during the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock worth $43,000 after purchasing an additional 3,446 shares during the last quarter. Quarry LP lifted its holdings in shares of Semrush by 504.8% during the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock worth $51,000 after buying an additional 3,589 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank grew its stake in shares of Semrush by 14.6% in the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Semrush during the 4th quarter valued at $86,000. 32.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SEMR has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on Semrush from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price objective on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Northland Capmk raised shares of Semrush to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded shares of Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $20.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $18.14.

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.