Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $16,760.80 in Stock

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

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 stock was 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 transaction 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 stock was 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 value of $570,051.00.

Semrush Price Performance

Shares of SEMR traded down $0.23 on Friday, hitting $11.54. The company’s stock had a trading volume of 422,849 shares, compared to its average volume of 545,341. The company has a 50 day moving average price of $13.14 and a 200 day moving average price of $13.56. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The company has a market capitalization of $1.69 billion, a PE ratio of 144.27 and a beta of 1.62.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SEMR. JPMorgan Chase & Co. upped their price target on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. KeyCorp increased their target price on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Semrush in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEMR. JPMorgan Chase & Co. raised its holdings in shares of Semrush by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock worth $6,080,000 after acquiring an additional 3,244 shares during the period. Principal Financial Group Inc. bought a new position in shares of Semrush during the 3rd quarter worth approximately $454,000. Virtu Financial LLC acquired a new stake in shares of Semrush in the third quarter valued at approximately $158,000. Barclays PLC lifted its position in shares of Semrush by 115.2% in the third quarter. Barclays PLC now owns 102,407 shares of the company’s stock worth $1,609,000 after purchasing an additional 54,830 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Semrush by 4.8% during the third quarter. Geode Capital Management LLC now owns 788,290 shares of the company’s stock worth $12,387,000 after purchasing an additional 36,173 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.