Dmitry Melnikov Sells 37,910 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 37,910 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.22, for a total value of $463,260.20. Following the sale, the director now directly owns 8,902,691 shares of the company’s stock, valued at $108,790,884.02. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 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 transaction 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 $12.32 on Thursday. The company has a market capitalization of $1.81 billion, a P/E ratio of 154.02 and a beta of 1.59. The business has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $13.72. Semrush Holdings, Inc. has a 1 year low of $9.64 and a 1 year high of $16.42.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Semrush

Several large investors have recently added to or reduced their stakes in SEMR. Point72 Asset Management L.P. bought a new position in Semrush during the second quarter worth about $123,000. DRW Securities LLC purchased a new position in Semrush in the 3rd quarter valued at approximately $157,000. Virtu Financial LLC bought a new stake in Semrush during the 3rd quarter valued at $158,000. Olympiad Research LP purchased a new stake in shares of Semrush during the third quarter worth $159,000. Finally, Versor Investments LP bought a new position in shares of Semrush in the second quarter worth $174,000. Hedge funds and other institutional investors 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.