Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 38,790 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.42, for a total transaction of $520,561.80. Following the transaction, the director now directly owns 9,060,301 shares of the company's stock, valued at $121,589,239.42. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Dmitry Melnikov also recently made the following trade(s):
- On Friday, December 13th, Dmitry Melnikov sold 42,226 shares of Semrush stock. The stock was 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 shares were sold at an average price of $14.59, for a total transaction of $935,802.60.
Semrush Stock Up 1.0 %
NASDAQ:SEMR opened at $13.44 on Tuesday. Semrush Holdings, Inc. has a 12-month low of $9.64 and a 12-month high of $16.42. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 167.96 and a beta of 1.59. The stock's 50 day moving average price is $13.57 and its two-hundred day moving average price is $13.85.
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SEMR has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of Semrush in a report on Monday, November 11th. KeyCorp boosted their price target on Semrush from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on Semrush from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Semrush from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.50.
Read Our Latest Report on Semrush
Institutional Investors Weigh In On Semrush
Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in Semrush during the second quarter worth $123,000. DRW Securities LLC acquired a new stake in shares of Semrush during the 3rd quarter worth about $157,000. Virtu Financial LLC acquired a new stake in shares of Semrush during the 3rd quarter worth about $158,000. Olympiad Research LP bought a new stake in shares of Semrush during the 3rd quarter worth about $159,000. Finally, Summit Global Investments acquired a new position in Semrush in the 2nd quarter valued at about $156,000. Institutional investors own 32.86% of the company's stock.
About Semrush
(
Get Free Report)
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.
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