Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $935,802.60 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 64,140 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 owns 9,227,898 shares in the company, valued at approximately $134,635,031.82. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 stock was 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 stock was sold at an average price of $13.63, for a total value of $25,842.48.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $15.21 on Friday. The business’s fifty day moving average price is $13.84 and its two-hundred day moving average price is $13.57. The stock 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 one year low of $7.36 and a one year high of $16.42.

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

Analyst Ratings Changes

A number of equities research analysts have commented on SEMR shares. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, August 7th. KeyCorp increased their target price on Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Institutional Investors Weigh In On Semrush

Several hedge funds have recently made changes to their positions in SEMR. G2 Investment Partners Management LLC purchased a new position in shares of Semrush in the 4th quarter worth $10,597,000. Cat Rock Capital Management LP increased its position in shares of Semrush by 4.4% during the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock worth $117,426,000 after acquiring an additional 358,386 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Semrush during the second quarter worth about $3,732,000. Federated Hermes Inc. increased its position in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after acquiring an additional 236,010 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Semrush during the second quarter worth about $3,006,000. Institutional investors and hedge funds 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.