Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) Director Dmitry Melnikov sold 38,790 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.42, for a total value of $520,561.80. Following the sale, the director now directly owns 9,060,301 shares in the company, valued at $121,589,239.42. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dmitry Melnikov also recently made the following trade(s):
- 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 transaction of $570,051.00.
- On Wednesday, September 18th, Dmitry Melnikov sold 64,140 shares of Semrush stock. The stock was sold at an average price of $14.59, for a total transaction of $935,802.60.
Semrush Stock Performance
NASDAQ SEMR traded up $0.13 during trading hours on Monday, hitting $13.44. The company had a trading volume of 501,551 shares, compared to its average volume of 503,088. The business has a 50 day moving average of $13.58 and a 200-day moving average of $13.87. The company has a market cap of $1.97 billion, a PE ratio of 166.27 and a beta of 1.59. Semrush Holdings, Inc. has a 1-year low of $9.64 and a 1-year high of $16.42.
Institutional Investors Weigh In On Semrush
Analyst Ratings Changes
A number of equities analysts have weighed in on SEMR shares. The Goldman Sachs Group upped their price objective on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Semrush in a research note on Monday, November 11th. KeyCorp upped their price objective 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, JPMorgan Chase & Co. boosted their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.
View Our Latest Report on Semrush
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.
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