Dmitry Melnikov Sells 1,405 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,405 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.45, for a total value of $13,277.25. Following the sale, the director now owns 2,609,939 shares of the company’s stock, valued at approximately $24,663,923.55. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, January 7th, Dmitry Melnikov sold 1,435 shares of Semrush stock. The stock was sold at an average price of $11.68, for a total value of $16,760.80.

Semrush Stock Down 4.5 %

Shares of SEMR traded down $0.40 during trading hours on Friday, reaching $8.50. The stock had a trading volume of 748,164 shares, compared to its average volume of 538,092. The firm has a 50-day moving average of $13.31 and a 200 day moving average of $13.53. The company has a market cap of $1.25 billion, a P/E ratio of 106.26 and a beta of 1.80. Semrush Holdings, Inc. has a 52 week low of $8.25 and a 52 week high of $18.74.

Institutional Investors Weigh In On Semrush

A number of hedge funds have recently modified their holdings of the business. US Bancorp DE grew its position in shares of Semrush by 2,127.2% in the 4th quarter. US Bancorp DE now owns 3,608 shares of the company’s stock valued at $43,000 after purchasing an additional 3,446 shares during the period. Quarry LP lifted its stake in Semrush by 504.8% in the fourth quarter. Quarry LP now owns 4,300 shares of the company’s stock valued at $51,000 after buying an additional 3,589 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Semrush in the fourth quarter valued at approximately $71,000. Comerica Bank increased its position in shares of Semrush by 14.6% during the fourth quarter. Comerica Bank now owns 6,304 shares of the company’s stock worth $75,000 after acquiring an additional 801 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Semrush during the fourth quarter worth $86,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Semrush from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. Northland Capmk upgraded shares of Semrush to a “strong-buy” rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a report on Wednesday, January 15th. Jefferies Financial Group upped their target price on shares of Semrush from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley upgraded Semrush from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $20.00 in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.14.

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.