Insider Selling: Semrush (NASDAQ:SEMR) Director Sells $16,648.10 in Stock

Semrush Holdings, Inc. (NASDAQ:SEMR) Director Dmitry Melnikov sold 1,399 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $11.90, for a total value of $16,648.10. Following the transaction, 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 legal filing with the SEC, which is available at this link.

Semrush Stock Up 0.0%

SEMR opened at $11.90 on Friday. The business has a fifty day moving average of $10.74 and a 200 day 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 stock has a market cap of $1.77 billion, a P/E ratio of 148.71 and a beta of 1.55.

Analyst Ratings Changes

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. Needham & Company LLC restated a “hold” rating on shares of Semrush in a research note on Wednesday, November 19th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Semrush in a research report on Wednesday, November 19th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Semrush by 871.8% in the 2nd quarter. Bank of America Corp DE now owns 940,144 shares of the company’s stock valued at $8,508,000 after purchasing an additional 843,406 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Semrush during the second quarter valued at approximately $6,926,000. Topline Capital Management LLC purchased a new position in Semrush during the third quarter valued at approximately $3,923,000. Millennium Management LLC raised its stake in Semrush by 81.6% in the third quarter. Millennium Management LLC now owns 1,023,761 shares of the company’s stock worth $7,248,000 after buying an additional 459,973 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Semrush by 7.2% during the third quarter. Vanguard Group Inc. now owns 6,004,568 shares of the company’s stock worth $42,512,000 after buying an additional 405,625 shares during the period. 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.