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

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

Semrush Stock Performance

Shares of SEMR opened at $11.90 on Friday. The stock has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $8.96. Semrush Holdings, Inc. has a 52-week low of $6.56 and a 52-week high of $18.74. The firm has a market capitalization of $1.77 billion, a PE ratio of 148.71 and a beta of 1.55.

Hedge Funds Weigh In On Semrush

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Semrush in a report on Wednesday, November 19th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price target (up previously from $10.00) on shares of Semrush in a research note on Thursday, November 20th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Semrush currently has an average rating of “Hold” and an average price target of $12.00.

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.