Semrush Holdings, Inc. (NASDAQ:SEMR – Get Free Report) Director Dmitry Melnikov sold 1,408 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $7.15, for a total value of $10,067.20. Following the completion of the sale, the director directly owned 1,281,956 shares of the company’s stock, valued at approximately $9,165,985.40. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Semrush Stock Performance
Semrush stock opened at $7.26 on Friday. Semrush Holdings, Inc. has a fifty-two week low of $6.97 and a fifty-two week high of $18.74. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 90.72 and a beta of 1.64. The stock has a fifty day moving average of $7.79 and a two-hundred day moving average of $8.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEMR. Signaturefd LLC acquired a new stake in shares of Semrush during the 1st quarter worth about $42,000. Amundi lifted its position in Semrush by 29.3% during the first quarter. Amundi now owns 4,890 shares of the company’s stock worth $44,000 after buying an additional 1,108 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Semrush by 96.4% in the second quarter. Canada Pension Plan Investment Board now owns 5,500 shares of the company’s stock valued at $50,000 after buying an additional 2,700 shares in the last quarter. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Semrush in the 2nd quarter worth approximately $93,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on SEMR
Semrush Company Profile
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.
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