Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) Director Dmitry Melnikov sold 8,666 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $14.00, for a total transaction of $121,324.00. Following the completion of the sale, the director now owns 9,372,430 shares in the company, valued at approximately $131,214,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dmitry Melnikov also recently made the following trade(s):
- On Friday, July 5th, Dmitry Melnikov sold 1,896 shares of Semrush stock. The stock was sold at an average price of $13.63, for a total transaction of $25,842.48.
Semrush Price Performance
Shares of NASDAQ SEMR opened at $13.61 on Thursday. Semrush Holdings, Inc. has a 1 year low of $7.36 and a 1 year high of $16.42. The firm has a 50-day simple moving average of $13.71 and a two-hundred day simple moving average of $13.36. The company has a market cap of $1.98 billion, a P/E ratio of 151.22 and a beta of 1.59.
Institutional Investors Weigh In On Semrush
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SEMR. KeyCorp upped their target price on shares of Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Semrush presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.
Read Our Latest Stock Report on Semrush
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.
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