Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,406 Shares

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 1,406 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $8.84, for a total transaction of $12,429.04. Following the completion of the transaction, the director owned 1,283,364 shares of the company's stock, valued at $11,344,937.76. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Semrush Trading Up 1.1%

SEMR traded up $0.10 during midday trading on Thursday, reaching $9.20. The company's stock had a trading volume of 567,478 shares, compared to its average volume of 582,009. Semrush Holdings, Inc. has a 1 year low of $7.90 and a 1 year high of $18.74. The stock's 50-day moving average is $9.87 and its 200-day moving average is $11.64. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 115.01 and a beta of 1.65.

Institutional Trading of Semrush

A number of hedge funds have recently made changes to their positions in SEMR. Ameriprise Financial Inc. purchased a new stake in shares of Semrush in the fourth quarter worth $1,554,000. Two Sigma Investments LP boosted its position in shares of Semrush by 56.6% during the fourth quarter. Two Sigma Investments LP now owns 174,927 shares of the company's stock valued at $2,078,000 after buying an additional 63,200 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Semrush in the fourth quarter worth approximately $608,000. Principal Financial Group Inc. raised its stake in Semrush by 10.6% during the 4th quarter. Principal Financial Group Inc. now owns 31,959 shares of the company's stock valued at $380,000 after buying an additional 3,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Semrush by 17.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 822,246 shares of the company's stock valued at $9,768,000 after acquiring an additional 123,709 shares during the last quarter. 32.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SEMR. KeyCorp reduced their price target on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their target price on Semrush from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley lowered their target price on Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $16.43.

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.

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