Semrush (NASDAQ:SEMR) Director Dmitry Melnikov Sells 1,399 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,399 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $11.90, for a total transaction of $16,648.10. Following the completion of the transaction, the director owned 1,879,812 shares in the company, valued at approximately $22,369,762.80. The trade was a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Semrush Stock Up 0.0%

NASDAQ:SEMR opened at $11.90 on Friday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 148.71 and a beta of 1.55. The company’s 50 day moving average price is $10.65 and its 200-day moving average price is $8.94. Semrush Holdings, Inc. has a 52 week low of $6.56 and a 52 week high of $18.74.

Analysts Set New Price Targets

Several research firms recently commented on SEMR. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price objective (up from $10.00) on shares of Semrush in a research report on Thursday, November 20th. KeyCorp reiterated a “sector weight” rating on shares of Semrush in a research note on Wednesday, November 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Semrush in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

Hedge Funds Weigh In On Semrush

A number of hedge funds have recently modified their holdings of SEMR. Amundi increased its stake in Semrush by 29.3% in the 1st quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after buying an additional 1,108 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Semrush by 96.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock valued at $50,000 after purchasing an additional 2,700 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Semrush during the third quarter worth $41,000. Tower Research Capital LLC TRC grew its holdings in Semrush by 56.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,284 shares of the company’s stock valued at $57,000 after purchasing an additional 2,259 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Semrush in the second quarter worth approximately $93,000. 32.86% of the stock is currently owned by institutional investors.

About Semrush

Semrush is a global software-as-a-service (SaaS) company that provides a comprehensive digital marketing platform for search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing and competitive research. The platform offers tools for keyword research, site auditing, backlink analysis and rank tracking, enabling marketing professionals to develop and refine their online visibility strategies. Semrush is publicly traded under the ticker SEMR and is headquartered in Boston with additional offices and development centers across North America, Europe and Asia.

The Semrush platform is organized into specialized toolkits covering SEO, content marketing, competitive intelligence, social media management and advertising research.