Dmitry Melnikov Sells 38,790 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 38,790 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.42, for a total value of $520,561.80. Following the completion of the sale, the director now directly owns 9,060,301 shares in the company, valued at approximately $121,589,239.42. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $570,051.00.
• On Wednesday, September 18th, Dmitry Melnikov sold 64,140 shares of Semrush stock. The stock was sold at an average price of $14.59, for a total transaction of $935,802.60.

Semrush Trading Down 6.1 %

Semrush stock opened at $12.38 on Thursday. Semrush Holdings, Inc. has a 12 month low of $9.64 and a 12 month high of $16.42. The stock has a fifty day simple moving average of $13.54 and a two-hundred day simple moving average of $13.83. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 154.77 and a beta of 1.59.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SEMR shares. JPMorgan Chase & Co. raised their target price on shares of Semrush from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Semrush in a research report on Monday, November 11th. The Goldman Sachs Group boosted their target price on Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, KeyCorp raised their price target on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Institutional Investors Weigh In On Semrush

Several large investors have recently bought and sold shares of SEMR. Verition Fund Management LLC lifted its stake in Semrush by 278.9% during the 3rd quarter. Verition Fund Management LLC now owns 134,531 shares of the company’s stock valued at $2,113,000 after acquiring an additional 99,021 shares during the period. VELA Investment Management LLC purchased a new stake in Semrush in the third quarter worth approximately $701,000. Cubist Systematic Strategies LLC bought a new stake in Semrush in the 2nd quarter worth approximately $3,006,000. Renaissance Technologies LLC purchased a new stake in Semrush during the 2nd quarter valued at $3,732,000. Finally, GSA Capital Partners LLP bought a new position in shares of Semrush during the 3rd quarter valued at $1,060,000. 32.86% of the stock is currently owned by institutional investors.

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.