Dmitry Melnikov Sells 16,467 Shares of Semrush Holdings, Inc. (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 16,467 shares of Semrush stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $12.26, for a total value of $201,885.42. Following the sale, the director now owns 8,841,297 shares of the company’s stock, valued at approximately $108,394,301.22. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 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 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 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 Stock Performance

NASDAQ:SEMR opened at $11.97 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $16.42. The firm has a market cap of $1.76 billion, a PE ratio of 149.64 and a beta of 1.59. The business has a 50 day moving average price of $13.40 and a 200-day moving average price of $13.68.

Institutional Investors Weigh In On Semrush

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Semrush by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 386,991 shares of the company’s stock valued at $6,080,000 after acquiring an additional 3,244 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Semrush by 28.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,777 shares of the company’s stock valued at $225,000 after purchasing an additional 3,706 shares during the period. Point72 Asset Management L.P. bought a new position in Semrush during the 2nd quarter valued at approximately $123,000. DRW Securities LLC purchased a new stake in Semrush in the 3rd quarter worth approximately $157,000. Finally, Virtu Financial LLC bought a new stake in shares of Semrush in the 3rd quarter worth approximately $158,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.