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Semrush chief marketing officer sells $37,773 in company stock

Published 04/04/2025, 00:12
Semrush chief marketing officer sells $37,773 in company stock
SEMR
-20.79%

BOSTON—Andrew Warden, the Chief Marketing Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold 3,993 shares of the company’s Class A Common Stock. The transaction, completed on April 2, 2025, generated a total value of $37,773, with shares sold at a weighted average price of $9.46. The sale comes as SEMrush shares trade near their 52-week low of $8.65, having declined over 37% in the past six months. According to InvestingPro analysis, the company maintains impressive gross profit margins of 83% and currently appears undervalued.

The sale was conducted to meet tax withholding obligations stemming from the vesting of restricted stock units (RSUs) on April 1, 2025. It is important to note that this transaction was not a discretionary trade by Mr. Warden. Following the sale, Warden retains ownership of 400,999 shares, which include a portion of RSUs. InvestingPro data reveals the company holds more cash than debt on its balance sheet, with 16 additional ProTips available to subscribers through their comprehensive Pro Research Report.

In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $102.6 million, which exceeded analyst forecasts of $101.03 million. However, the company missed its earnings per share (EPS) expectations, reporting $0.02 compared to the anticipated $0.06. Despite the revenue growth, the EPS miss reflected challenges in maintaining profitability. Semrush’s full-year 2024 revenue reached $376.8 million, marking a 22% increase from the previous year. For the upcoming first quarter of 2025, the company projects revenue between $103.9 million and $104.7 million, indicating a 22% year-over-year growth. Additionally, Semrush has set a full-year 2025 revenue guidance of $448 million to $453 million, aiming for a 20% increase. The company is focusing on expanding its AI capabilities and enterprise offerings to drive future growth. In terms of leadership, Bill Wagner has been appointed as the new CEO, succeeding Oleg Shlagle, who will transition to the role of Chief Technology Officer.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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