Dmitry Melnikov Sells 15,564 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 15,564 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $11.82, for a total transaction of $183,966.48. Following the completion of the sale, the director now owns 8,807,374 shares of the company’s stock, valued at approximately $104,103,160.68. This represents a 0.18 % decrease in their position. 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 Thursday, December 26th, Dmitry Melnikov sold 16,467 shares of Semrush stock. The shares were sold at an average price of $12.26, for a total transaction of $201,885.42.
• On Monday, December 23rd, Dmitry Melnikov sold 34,566 shares of Semrush stock. The stock was sold at an average price of $12.32, for a total value of $425,853.12.
• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The stock was sold at an average price of $12.22, for a total value of $463,260.20.
• On Wednesday, December 18th, Dmitry Melnikov sold 44,592 shares of Semrush stock. The shares were sold at an average price of $12.76, for a total value of $568,993.92.
• 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 Price Performance

NASDAQ:SEMR opened at $11.73 on Friday. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42. The stock’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $13.63. The company has a market cap of $1.72 billion, a P/E ratio of 146.64 and a beta of 1.59.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Semrush

A number of institutional investors have recently added to or reduced their stakes in SEMR. FMR LLC increased its position in shares of Semrush by 19.4% during the third quarter. FMR LLC now owns 2,876,365 shares of the company’s stock valued at $45,188,000 after buying an additional 467,517 shares during the period. Wellington Management Group LLP grew its stake in Semrush by 12.4% during the third quarter. Wellington Management Group LLP now owns 1,529,624 shares of the company’s stock valued at $24,030,000 after acquiring an additional 168,400 shares in the last quarter. State Street Corp increased its holdings in Semrush by 1.4% during the 3rd quarter. State Street Corp now owns 954,409 shares of the company’s stock worth $14,994,000 after acquiring an additional 13,374 shares during the period. Geode Capital Management LLC lifted its stake in Semrush by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Semrush by 69.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock valued at $7,132,000 after purchasing an additional 218,488 shares during the period. Hedge funds and other institutional investors own 32.86% of the company’s stock.

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.