Dmitry Melnikov Sells 1,408 Shares of Semrush (NASDAQ:SEMR) Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,408 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $7.15, for a total value of $10,067.20. Following the completion of the sale, the director owned 1,281,956 shares in the company, valued at $9,165,985.40. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Stock Performance

Shares of NASDAQ:SEMR opened at $7.34 on Friday. The company’s fifty day moving average is $7.74 and its 200-day moving average is $8.92. Semrush Holdings, Inc. has a 52 week low of $6.97 and a 52 week high of $18.74. The company has a market capitalization of $1.09 billion, a PE ratio of 91.70 and a beta of 1.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SEMR. Bank of America Corp DE increased its holdings in Semrush by 14.7% during the fourth quarter. Bank of America Corp DE now owns 42,211 shares of the company’s stock worth $501,000 after buying an additional 5,424 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Semrush in the 4th quarter valued at about $530,000. Mackenzie Financial Corp acquired a new stake in Semrush in the 4th quarter valued at about $308,000. California State Teachers Retirement System increased its position in Semrush by 18.4% during the fourth quarter. California State Teachers Retirement System now owns 34,587 shares of the company’s stock worth $411,000 after buying an additional 5,380 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Semrush by 4.9% during the 1st quarter. Rhumbline Advisers now owns 49,889 shares of the company’s stock worth $465,000 after acquiring an additional 2,314 shares during the period. Institutional investors own 32.86% of the company’s stock.

Analysts Set New Price Targets

SEMR has been the subject of a number of research analyst reports. KeyCorp set a $12.00 target price on shares of Semrush and gave the company an “overweight” rating in a research note on Tuesday, August 5th. Morgan Stanley set a $9.00 price objective on Semrush and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group decreased their target price on Semrush from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Needham & Company LLC cut their price target on Semrush from $18.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Semrush has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

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.