Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov Sells 64,140 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 64,140 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.59, for a total value of $935,802.60. Following the completion of the sale, the director now owns 9,227,898 shares in the company, valued at $134,635,031.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dmitry Melnikov also recently made the following trade(s):

• On Thursday, August 29th, Dmitry Melnikov sold 10,011 shares of Semrush stock. The stock was sold at an average price of $14.02, for a total value of $140,354.22.
• On Friday, August 16th, Dmitry Melnikov sold 8,666 shares of Semrush stock. The shares were sold at an average price of $14.00, for a total value of $121,324.00.
• On Friday, July 5th, Dmitry Melnikov sold 1,896 shares of Semrush stock. The stock was sold at an average price of $13.63, for a total transaction of $25,842.48.

Semrush Trading Up 4.7 %

Shares of SEMR stock opened at $15.25 on Friday. The stock has a 50 day simple moving average of $13.80 and a 200-day simple moving average of $13.55. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 169.44 and a beta of 1.57. Semrush Holdings, Inc. has a 12-month low of $7.36 and a 12-month high of $16.42.

Semrush (NASDAQ:SEMR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $90.95 million for the quarter, compared to analyst estimates of $89.70 million. Semrush had a return on equity of 6.61% and a net margin of 4.39%. On average, equities analysts forecast that Semrush Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Semrush from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Semrush in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Institutional Trading of Semrush

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. G2 Investment Partners Management LLC acquired a new position in Semrush during the fourth quarter worth about $10,597,000. Cat Rock Capital Management LP increased its stake in Semrush by 4.4% in the 4th quarter. Cat Rock Capital Management LP now owns 8,596,358 shares of the company’s stock valued at $117,426,000 after purchasing an additional 358,386 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Semrush in the second quarter valued at $3,732,000. Federated Hermes Inc. raised its stake in shares of Semrush by 385.0% during the 2nd quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock worth $3,981,000 after buying an additional 236,010 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Semrush in the 2nd quarter valued at about $3,006,000. Institutional investors and hedge funds own 32.86% of the company’s stock.

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.