Levin Eugenie, President of SEMrush Holdings, Inc. (NASDAQ: SEMR), sold a significant portion of its Class A Common Stock Holdings. According to the latest SEC filing, Eugenie sold 28,800 shares on January 21, 2025. The stock was sold at an average price of $16.29, with transactions occurring within a price range of $16.00 to $16.52. The total sale price is $469,152. The transaction comes as SEMrush is trading near its 52-week high of $16.95, and the stock is showing impressive momentum, up 32% year to date. According to InvestingPro On analysis, the company now appears to be reasonably priced. Following this transaction, Eugenie retains ownership of 508,549 shares, some of which include restricted stock units. The sale was conducted under the trading plan of Rule 10b5-1, which was originally adopted in May 2023 and changed in August 2024. SEMrush, with a market capitalization of 2.32 billion dollars, maintains a financial health score of “GREAT” according to InvestingProwhich provides comprehensive analysis including 16 additional ProTips and a detailed Pro Research Report for deep insight into the company's fundamentals and outlook.
In other recent news, SEMrush Holdings Inc. reported strong growth in the third quarter of 2024, with annual revenue up 24% to $97.4 million. Non-GAAP operating income stood at $12.1 million, and annual revenue increased 24% to $401 million, adding approximately 1,300 new paying customers. As a result of this development, SEMrush has raised its full-year revenue guidance to 2024.
The company's SEO business product, launched in May 2023, is already gaining traction with more than 90 accounts moved in October. The net income retention rate stands at 107%, with top ARR segments maintaining over 120%.
On the analyst front, Northland initiated coverage on shares of SEMrush with an Outperform rating and a price target of $18.00, citing the company's strong financial health and attractive revenue margins. Similarly, Morgan Stanley (NYSE:) stock was upgraded by SEMrush from Equalweight to Overweight, raising the target price to $20.00. Both firms highlighted SEMrush's potential growth and strategic initiatives.
These recent developments underscore SEMrush's continued growth and adaptation to the ever-expanding nature of digital marketing.
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