Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,896 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,896 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $13.63, for a total value of $25,842.48. Following the transaction, the director now owns 2,982,291 shares of the company’s stock, valued at approximately $40,648,626.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Semrush Price Performance

Shares of SEMR traded down $0.04 during midday trading on Tuesday, reaching $13.47. The stock had a trading volume of 380,452 shares, compared to its average volume of 584,108. The firm’s 50 day moving average price is $14.42 and its 200-day moving average price is $13.06. Semrush Holdings, Inc. has a 52 week low of $7.36 and a 52 week high of $16.42. The company has a market capitalization of $1.96 billion, a P/E ratio of 149.67 and a beta of 1.59.

Semrush (NASDAQ:SEMR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Semrush had a net margin of 4.01% and a return on equity of 6.05%. The company had revenue of $85.81 million during the quarter, compared to the consensus estimate of $85.10 million. On average, equities analysts forecast that Semrush Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SEMR shares. KeyCorp assumed coverage on shares of Semrush in a report on Thursday, March 21st. They set an “overweight” rating and a $17.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. grew its holdings in shares of Semrush by 33.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,503 shares of the company’s stock worth $75,000 after acquiring an additional 1,378 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Semrush by 20.9% in the 4th quarter. Russell Investments Group Ltd. now owns 9,036 shares of the company’s stock valued at $123,000 after purchasing an additional 1,563 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Semrush in the 4th quarter worth about $226,000. Hsbc Holdings PLC raised its holdings in shares of Semrush by 61.0% during the third quarter. Hsbc Holdings PLC now owns 20,966 shares of the company’s stock valued at $175,000 after acquiring an additional 7,947 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Semrush during the 4th quarter valued at $289,000. Institutional investors own 32.86% of the company’s stock.

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.