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BOSTON—Oleg Shchegolev, the Chief Executive Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold 32,932 shares of the company’s Class A Common Stock in a transaction dated March 3. The shares were sold at a weighted average price of $11.19, totaling approximately $368,509.
The transaction was reported in a Form 4 filing with the Securities and Exchange Commission. The sale was executed to cover tax withholding obligations resulting from the vesting of restricted stock units (RSUs) and was not a discretionary trade by Shchegolev. Despite recent price weakness, SEMrush maintains impressive gross margins of 83% and a strong balance sheet with more cash than debt, according to InvestingPro analysis.
Following this transaction, Shchegolev retains direct ownership of 7,268,282 shares. Additionally, he holds indirect ownership through The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 and Shchegolev Holdings, LLC, which collectively own significant stakes in the company valued at current market capitalization of $1.59 billion. For deeper insights into SEMrush’s valuation and 17 additional key ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, revealing revenue of $102.6 million, which surpassed the forecast of $101.03 million, marking a 23% year-over-year growth. However, the company missed its earnings per share (EPS) forecast, reporting $0.02 against an expected $0.06. For the full year, Semrush achieved revenue of $376.8 million, a 22% increase from 2023. Looking ahead, the company projects Q1 2025 revenue between $103.9 million and $104.7 million, with a full-year 2025 revenue guidance of $448 million to $453 million, aiming for a 20% increase.
In other developments, Semrush launched new AI-powered solutions, focusing on expanding its AI capabilities and enterprise offerings to drive future growth. The company also announced a transition in leadership, with Bill Wagner stepping in as CEO, while outgoing CEO Oleg Shlagle will transition to the role of Chief Technology Officer. Despite the earnings miss, Semrush’s strategic direction remains focused on innovation and expanding its market presence. These recent developments highlight the company’s ongoing efforts to maintain its leadership in digital marketing solutions.
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