Semrush Holdings, Inc. (NASDAQ:SEMR) Director Sells $12,429.04 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR - Get Free Report) Director Dmitry Melnikov sold 1,406 shares of Semrush 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 directly owned 1,283,364 shares of the company's stock, valued at $11,344,937.76. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Semrush Stock Up 1.1%

SEMR traded up $0.10 on Friday, reaching $9.20. 567,478 shares of the company traded hands, compared to its average volume of 583,803. Semrush Holdings, Inc. has a one year low of $7.90 and a one year high of $18.74. The firm has a fifty day simple moving average of $9.83 and a two-hundred day simple moving average of $11.58. The company has a market cap of $1.36 billion, a P/E ratio of 115.01 and a beta of 1.65.

Institutional Investors Weigh In On Semrush

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEMR. Nuveen LLC bought a new stake in Semrush during the 1st quarter valued at about $10,762,000. Topline Capital Management LLC bought a new stake in Semrush during the 4th quarter valued at about $9,267,000. Millennium Management LLC lifted its holdings in Semrush by 153.8% during the 4th quarter. Millennium Management LLC now owns 1,246,109 shares of the company's stock valued at $14,804,000 after buying an additional 755,220 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Semrush by 122.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 984,544 shares of the company's stock valued at $11,696,000 after buying an additional 541,899 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Semrush by 129.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 674,396 shares of the company's stock valued at $6,292,000 after buying an additional 380,165 shares in the last quarter. Institutional investors own 32.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SEMR. KeyCorp dropped their price objective on shares of Semrush from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price target on shares of Semrush from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Morgan Stanley dropped their price target on shares of Semrush from $19.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently 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.