Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $570,051.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 42,226 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $13.50, for a total value of $570,051.00. Following the completion of the transaction, the director now owns 9,099,091 shares in the company, valued at $122,837,728.50. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 16th, Dmitry Melnikov sold 38,790 shares of Semrush stock. The shares were sold at an average price of $13.42, for a total value of $520,561.80.
• 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 value of $935,802.60.

Semrush Trading Up 1.0 %

NASDAQ:SEMR opened at $13.44 on Tuesday. The firm has a market capitalization of $1.97 billion, a PE ratio of 167.96 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. The firm’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $13.85.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group boosted their target price 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 reiterated a “buy” rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. KeyCorp increased their target price on shares of Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.50.

Institutional Investors Weigh In On Semrush

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Semrush during the 3rd quarter worth about $158,000. Barclays PLC lifted its holdings in shares of Semrush by 115.2% during the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after buying an additional 54,830 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Semrush by 4.8% in the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock valued at $12,387,000 after acquiring an additional 36,173 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Semrush in the third quarter worth $608,000. Finally, Wellington Management Group LLP increased its position in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock worth $24,030,000 after acquiring an additional 168,400 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.

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.