Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 34,566 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 34,566 shares of Semrush stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $12.32, for a total value of $425,853.12. Following the completion of the sale, the director now directly owns 8,868,125 shares of the company’s stock, valued at $109,255,300. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, December 20th, Dmitry Melnikov sold 37,910 shares of Semrush stock. The shares were 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 transaction of $568,993.92.
• 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 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 Trading Up 2.3 %

Shares of Semrush stock traded up $0.28 during trading hours on Monday, reaching $12.48. 432,420 shares of the company’s stock were exchanged, compared to its average volume of 503,143. The company has a 50 day moving average of $13.51 and a two-hundred day moving average of $13.77. The stock has a market cap of $1.83 billion, a P/E ratio of 156.02 and a beta of 1.59. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. KeyCorp increased their price target on Semrush from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased 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. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price objective on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised 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 purchasing an additional 467,517 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Semrush during the second quarter worth $3,732,000. Federated Hermes Inc. raised its position in 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Semrush in the second quarter valued at $3,006,000. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 218,488 shares during the period. 32.86% of the stock is currently owned by institutional investors.

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.