Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SEMrush Holdings Inc shares valued at $570,051 were sold by Melnikov Dmitry on Dec 13 ’24. At $13.50 per share, Melnikov Dmitry sold 42,226 shares. The insider’s holdings dropped to 9,099,091 shares worth approximately $112.65 million following the completion of this transaction.
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Also, Melnikov Dmitry sold 38,790 shares, netting a total of over 520,562 in proceeds. Following the sale of shares at $13.42 each, the insider now holds 9,060,301 shares.
Before that, Melnikov Dmitry had sold 42,342 shares from its account. In a trade valued at $587,284, the Director traded SEMrush Holdings Inc shares for $13.87 each. Upon closing the transaction, the insider’s holdings decreased to 42,342 shares, worth approximately $113.17 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, SEMrush Holdings Inc [SEMR] has been an Overweight and the price target has been revised to $17. As of January 09, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SEMR. Earlier on July 20, 2023, Goldman initiated its rating. Their recommendation was “a Neutral” for SEMR stock.
Analyzing SEMR Stock Performance
During the last five days, there has been a drop of approximately -12.63%. Over the course of the year, SEMrush Holdings Inc shares have dropped approximately -9.37%. Shares of the company reached a 52-week high of $16.42 on 05/21/24 and a 52-week low of $9.64 on 03/05/24. A 50-day SMA is recorded $13.54, while a 200-day SMA reached $13.64. Nevertheless, trading volume fell to 0.55 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for SEMrush Holdings Inc (SEMR)
According to the 24-hour chart, there is a support level at 11.97, which, if violated, would cause prices to drop to 11.57. In the upper region, resistance lies at 13.02. The next price resistance is at 13.66. RSI (Relative Strength Index) is 34.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 92.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
