Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $121,324.00 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) 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

A number of institutional investors and hedge funds have recently modified their holdings of SEMR. Cat Rock Capital Management LP boosted its stake in shares of Semrush by 4.4% during the fourth quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after purchasing an additional 358,386 shares during the period. G2 Investment Partners Management LLC bought a new position in Semrush in the 4th quarter worth about $10,597,000. Dimensional Fund Advisors LP increased its position in shares of Semrush by 69.5% during the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after acquiring an additional 218,488 shares during the period. Federated Hermes Inc. raised its stake in shares of Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Semrush by 126.5% in the second quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after purchasing an additional 164,395 shares during the period. 32.86% of the stock is owned by institutional investors.

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.

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.