Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $568,993.92 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 44,592 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $12.76, for a total value of $568,993.92. Following the transaction, the director now owns 8,978,501 shares in the company, valued at approximately $114,565,672.76. This trade represents a 0.49 % 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 Monday, December 16th, Dmitry Melnikov sold 38,790 shares of Semrush stock. The stock was sold at an average price of $13.42, for a total value of $520,561.80.
• On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The shares were sold at an average price of $13.50, for a total transaction of $570,051.00.

Semrush Stock Performance

Shares of Semrush stock traded down $0.02 during trading on Thursday, hitting $12.36. 452,635 shares of the company’s stock were exchanged, compared to its average volume of 502,945. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 154.52 and a beta of 1.59. The business has a 50-day simple moving average of $13.54 and a 200-day simple moving average of $13.83.

Hedge Funds Weigh In On Semrush

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after acquiring an additional 467,517 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Semrush during the second quarter worth approximately $3,732,000. Federated Hermes Inc. grew its holdings in Semrush by 385.0% in the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after purchasing an additional 236,010 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Semrush in the second quarter valued at approximately $3,006,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Semrush by 69.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares during the period. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEMR. KeyCorp upped their price target 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. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Semrush Company Profile

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.