Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells 1,435 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,435 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $11.68, for a total transaction of $16,760.80. Following the transaction, the director now directly owns 1,701,155 shares in the company, valued at approximately $19,869,490.40. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, December 30th, Dmitry Melnikov sold 15,564 shares of Semrush stock. The stock was sold at an average price of $11.82, for a total transaction of $183,966.48.
• 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 value of $201,885.42.
• On Monday, December 23rd, Dmitry Melnikov sold 34,566 shares of Semrush stock. The shares were 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 transaction of $520,561.80.
• On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The stock was sold at an average price of $13.50, for a total transaction of $570,051.00.

Semrush Stock Down 2.0 %

Shares of SEMR stock opened at $11.54 on Friday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 144.27 and a beta of 1.62. Semrush Holdings, Inc. has a twelve month low of $9.64 and a twelve month high of $16.42. The stock’s fifty day simple moving average is $13.14 and its 200 day simple moving average is $13.57.

Wall Street Analyst Weigh In

Several research analysts have commented on SEMR shares. The Goldman Sachs Group boosted their price objective on shares of Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. KeyCorp boosted 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEMR. Point72 Asset Management L.P. acquired a new stake in Semrush during the 2nd quarter worth approximately $123,000. DRW Securities LLC acquired a new position in shares of Semrush during the third quarter worth $157,000. Virtu Financial LLC acquired a new position in shares of Semrush during the third quarter worth $158,000. Olympiad Research LP acquired a new stake in Semrush in the third quarter valued at $159,000. Finally, The Manufacturers Life Insurance Company raised its position in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock worth $225,000 after purchasing an additional 3,706 shares during the last quarter. Institutional investors and hedge funds 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.