Insider Selling: Semrush (NASDAQ:SEMR) Director Sells 1,399 Shares of Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,399 shares of Semrush stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $11.90, for a total transaction of $16,648.10. Following the transaction, the director owned 1,879,812 shares in the company, valued at approximately $22,369,762.80. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Semrush Stock Up 0.0%

SEMR stock traded up $0.01 during mid-day trading on Thursday, hitting $11.90. The company had a trading volume of 934,277 shares, compared to its average volume of 1,784,835. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 148.71 and a beta of 1.55. The company has a 50-day moving average price of $10.55 and a 200 day moving average price of $8.92. Semrush Holdings, Inc. has a 12-month low of $6.56 and a 12-month high of $18.74.

Institutional Investors Weigh In On Semrush

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Semrush by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,004,568 shares of the company’s stock valued at $42,512,000 after buying an additional 405,625 shares during the period. Dimensional Fund Advisors LP increased its stake in Semrush by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,406,617 shares of the company’s stock valued at $9,960,000 after purchasing an additional 50,470 shares during the period. Millennium Management LLC lifted its position in Semrush by 4.9% during the 1st quarter. Millennium Management LLC now owns 1,306,684 shares of the company’s stock worth $12,191,000 after acquiring an additional 60,575 shares during the period. Bank of America Corp DE raised its position in Semrush by 11.3% during the 3rd quarter. Bank of America Corp DE now owns 1,045,981 shares of the company’s stock worth $7,406,000 after buying an additional 105,837 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Semrush by 13.2% in the second quarter. Geode Capital Management LLC now owns 932,874 shares of the company’s stock valued at $8,443,000 after purchasing an additional 108,750 shares during the period. 32.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SEMR shares. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price target (up from $10.00) on shares of Semrush in a report on Thursday, November 20th. KeyCorp restated a “sector weight” rating on shares of Semrush in a report on Wednesday, November 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Semrush in a 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 has an average rating of “Hold” and an average price target of $12.00.

Semrush Company Profile

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.