Dmitry Melnikov Sells 10,011 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 10,011 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $14.02, for a total transaction of $140,354.22. Following the transaction, the director now owns 9,362,419 shares in the company, valued at approximately $131,261,114.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 16th, Dmitry Melnikov sold 8,666 shares of Semrush stock. The stock was sold at an average price of $14.00, for a total transaction of $121,324.00.
• On Friday, July 5th, Dmitry Melnikov sold 1,896 shares of Semrush stock. The shares were sold at an average price of $13.63, for a total transaction of $25,842.48.

Semrush Stock Down 3.6 %

Shares of NASDAQ:SEMR opened at $13.25 on Wednesday. Semrush Holdings, Inc. has a 52-week low of $7.36 and a 52-week high of $16.42. The business’s 50 day moving average is $13.78 and its 200 day moving average is $13.48. The stock has a market cap of $1.94 billion, a P/E ratio of 147.22 and a beta of 1.57.

Semrush (NASDAQ:SEMR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Semrush had a net margin of 4.39% and a return on equity of 6.61%. The firm had revenue of $90.95 million during the quarter, compared to the consensus estimate of $89.70 million. On average, sell-side analysts anticipate that Semrush Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Semrush

Several hedge funds have recently modified their holdings of the business. G2 Investment Partners Management LLC bought a new position in Semrush in the fourth quarter worth approximately $10,597,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Semrush in the 1st quarter valued at $543,000. SG Americas Securities LLC bought a new position in shares of Semrush in the 2nd quarter worth $654,000. Swiss National Bank lifted its stake in shares of Semrush by 8.1% during the 4th quarter. Swiss National Bank now owns 70,400 shares of the company’s stock worth $962,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Semrush by 161.3% during the fourth quarter. Jump Financial LLC now owns 74,230 shares of the company’s stock valued at $1,014,000 after purchasing an additional 45,820 shares in the last quarter. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of Semrush in a research note on Wednesday, August 7th. KeyCorp boosted their price objective on Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Semrush has an average rating of “Moderate Buy” and a consensus 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.