Insider Selling: Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $201,885.42 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 16,467 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $12.26, for a total value of $201,885.42. Following the sale, the director now directly owns 8,841,297 shares in the company, valued at $108,394,301.22. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 23rd, Dmitry Melnikov sold 34,566 shares of Semrush stock. The stock was sold at an average price of $12.32, for a total value 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 transaction of $463,260.20.
• On Wednesday, December 18th, Dmitry Melnikov sold 44,592 shares of Semrush stock. The shares were 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 stock was sold at an average price of $13.42, for a total transaction 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 Semrush stock opened at $11.97 on Monday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 149.64 and a beta of 1.59. The stock has a 50-day simple moving average of $13.40 and a 200-day simple moving average of $13.68. Semrush Holdings, Inc. has a 52-week low of $9.64 and a 52-week high of $16.42.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. KeyCorp upped 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. JPMorgan Chase & Co. boosted their price objective 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. Finally, The Goldman Sachs Group increased their target price on shares of Semrush from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.50.

Institutional Trading of Semrush

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Semrush by 19.4% during the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Semrush during the second quarter worth $3,732,000. Federated Hermes Inc. raised its holdings in 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 buying an additional 236,010 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Semrush in the second quarter worth about $3,006,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares during the last quarter. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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.